15975 Serrano, Apple Valley, California 92307, Apple Valley, 92307 - bed, bath
15975 Serrano
Apple Valley, California 92307
Property Price
SUMMARY
Analysis of 15975 Serrano, Apple Valley, California 92307 is currently available with a list price of $1,149,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Apple Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition and underwent a significant cosmetic renovation approximately 2-3 years ago, including new tile flooring and fresh paint. The kitchens and bathrooms feature updated granite or quartz countertops and modern vanities. While the building was constructed in 1983, the units are well-maintained with functional central A/C and heating systems, and the listing indicates minimal deferred maintenance. It falls into the 'good' category rather than 'excellent' because while the interiors are updated, the appliances are standard grade and the overall structure and some fixtures reflect its 1980s origin.
PROSSTRENGTHS & OPPORTUNITIES
- Stabilized Income & Turnkey Condition
This fully stabilized 5-unit asset offers immediate cash flow with quality tenants already paying market rents and minimal deferred maintenance, making it an ideal 'plug-and-play' investment.
- Superior Unit Amenities
The units feature highly desirable 2-bedroom, 2-bathroom layouts equipped with central A/C, detached garages, washer/dryer hookups, and private patios, which significantly drives tenant demand and retention.
- Expansion & Value-Add Potential
The oversized 20,000 sq ft lot provides a rare opportunity for future growth, including the potential for additional units or garage-to-ADU conversions to further increase the cap rate.
CONSRISKS & DEFICIENCIES
- Low-Rated Local Schools
The property is served by schools with lower academic ratings, specifically a middle school rated 1/10, which may limit the appeal for long-term family-oriented tenants.
- Aging Infrastructure
While cosmetically updated 2-3 years ago, the 1983 construction date suggests that major underlying systems may eventually require capital improvements as they approach the end of their typical lifecycle.
About 15975 Serrano
Fully stabilized 5-unit multifamily investment offering strong in-place income with quality tenants already paying market rents. This well-maintained property features five spacious 2-bedroom, 2-bathroom units, each with a detached 1-car garage, washer and dryer hookups, central A/C and heating, updated paint and tile flooring (remodeled approximately 2–3 years ago), and additional on-site parking. Four of the five units include private patio/yard space, enhancing tenant appeal and retention. Situated on an expansive 20,000 sq ft lot, the property presents future expansion or value-add potential, including possible garage conversion (buyer to verify). A rare opportunity to acquire a clean, income-producing 5-unit asset with minimal deferred maintenance, ideal for both experienced investors and first-time multifamily buyers seeking stable cash flow and long-term growth. The same owner is also selling 13341 Navajo Rd, Apple Valley, CA 92308, presenting the unique opportunity to acquire multiple income-producing properties simultaneously.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1983
- Lot Size
- 20,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Apple Valley Unified Schools
Sycamore Rocks Elementary School
Grades K-6 • 4.0 mi
Phoenix Academy
Grades K-8 • 0.9 mi
Granite Hills High School
Grades 9-12 • 3.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,940 | 7,162 | 50% |
| Lot Size | 20,000 | 21,125 | 50% |
| Price | $1.15M | $1.37M | 50% |
| Price per sq ft | $233 | $202 | 50% |
| Built year | 1983 | 1984 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 109 | 50% |
Pricing History
Listed for Sale
Feb 21, 2026
$1,149,999
$1,249,999
-8% Price Drop
Initial Listing
Price Change
Feb 18, 2026
$1,249,999
$1,149,999
+9% Price Increase
Initial Listing
Price Change
Feb 14, 2026
$1,149,999
Initial Listing
Sold
Jun 23, 2020
$549,000
Public Record
Sold
Apr 24, 2015
$310,000
Public Record
Sold
Oct 31, 2012
$270,000
Public Record