15592 Tonekai Road, Apple Valley, California 92307, Apple Valley, 92307 - 0 bed, 0 bath
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Apple Valley, California 92307
This Residential Income Triplex serves as a well-maintained multi-family asset with a List Price of $600,000 and a Fair Market Value of $503,409. The property offers a versatile unit mix, featuring one 3-bedroom, 2-bathroom unit and two 2-bedroom, 2-bathroom units, all equipped with 2-car garages and private laundry hookups. Holding a Condition Rating of 4, the property is located within the Apple Valley Unified district and features a distant mountain range view. This is a stable acquisition for Buy-and-Hold Investors or Owner-Occupants looking for a turnkey residential income opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15592 Tonekai Road Subject | $600,000* List Price | 0 | 0 | 2,915 | $173 | - |
A 20380 Rimrock Road Sold | $650,000 | 0 | 0 | 3,604 | $180 | 0.2 mi |
B 20209 Otoe Road Sold | $760,000 | 0 | 0 | 3,960 | $192 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1989, making it 35 years old. While the listing describes all units as being in 'great condition' and the exterior as 'well maintained,' there is no evidence of extensive recent renovations (within the last 15 years) to bring it to modern standards. The age suggests that major systems and interior components, particularly kitchens and bathrooms (for which no images are provided), are likely functional but show signs of being outdated in style and may be nearing the end of their expected lifespan. Exterior images show typical wear and tear for a property of this age, such as cracks in the concrete driveways. It is maintained but likely requires minor updates to meet current aesthetic and functional expectations.
Explicitly marketed as a 'Great Investment Opportunity' due to its triplex nature, individual unit amenities, and tenant responsibility for gas, electricity, and cable.
Each unit offers highly desirable features including a 2-car garage with direct access, individual laundry hookups, and HVAC, enhancing tenant appeal and retention.
All three units are described as being in 'great condition,' and the exterior is 'well maintained with great curb appeal,' suggesting minimal immediate capital expenditure for a new owner.
The owner is responsible for water, sewer, and trash, which can impact the net operating income and overall cash flow for an investor compared to properties where tenants cover all utilities.
Built in 1989, the property is over 30 years old. While currently in great condition, it may require more significant capital expenditures for major systems (e.g., roof, plumbing, electrical) in the long term compared to newer constructions.
Located in Apple Valley, the investment performance and rental demand are tied to the specific economic and demographic trends of this high desert community, which may differ from more diverse or rapidly growing markets.
Triplex Property for Sale in Apple Valley, CA. Great Investment Opportunity! This triplex is located in a very nice cul-de-sac. There’s one 3 Bedroom, 2 Bathroom Unit which is unique to this Triplex and the other two Units are 2 Bedrooms, 2 Bathroom. Each Unit includes a 2-Car Garage with direct access, Laundry Hookups and HVAC. All 3 units are in great condition. Tenants pay for Gas, Electricity, and Cable. Owner pays for Water, Sewer, and Trash. The exterior is well maintained with great curb appeal. This property has a lot to offer. Come take a look!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,915 | 3,960 | 33% |
| Lot Size | 20,000 | 20,000 | 50% |
| Price | $600.0K | $750.0K | 33% |
| Price per sq ft | $206 | $192 | 67% |
| Built year | 1989 | 1985 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 122 | 122 | 67% |
Jan 12, 2026
$600,000
$579,900
+3% Price Increase
Initial Listing
Dec 22, 2025
$579,900
Initial Listing
Mar 25, 2022
$520,000
Public Record
Apr 10, 2018
$340,000
Public Record
May 4, 2004
$230,000
Public Record
Dec 5, 2001
$94,000
Public Record
Jan 7, 1998
$90,000
Public Record