20316 Rimrock Rd, Apple Valley, California 92307, Apple Valley, 92307 - 0 bed, 0 bath
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Apple Valley, California 92307
This quadruplex presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned above the $632,853 Fair Market Value by 18%. While the property requires capital for updates due to its Fair Condition Rating, the 3,264 sqft layout and 18,295 sqft lot provide significant value-add potential. The asset benefits from full occupancy and a strategic location near local amenities. This is a stable, income-generating Residential Income asset ideal for Buy-and-Hold Investors or Value-Add Developers seeking to optimize long-term rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20316 Rimrock Rd Subject | $725,000* List Price | 0 | 0 | 3,264 | $194 | - |
A 15592 Tonekai Road Sold | $610,000 | 0 | 0 | 2,915 | $209 | 0.3 mi |
B 15400 Kiamichi Road Sold | $695,000 | 0 | 0 | 3,753 | $185 | 0.3 mi |
C 20209 Otoe Road Sold | $760,000 | 0 | 0 | 3,960 | $192 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1979, making it 45 years old. The exterior images reveal significant aging, including cracked and unkempt pavement, dated garage doors, and an overall worn appearance. As a quadruplex, it's likely maintained for functionality rather than modern aesthetics. Without interior photos, it's highly probable that the kitchen and bathrooms are also outdated and would require updates to meet current standards. The property appears functional but shows clear signs of age and deferred maintenance, aligning with the 'Fair' condition criteria.
As a quadruplex, the property offers significant income-generating potential, appealing to investors seeking multi-unit residential assets.
The generous 18,295.2 sqft lot provides ample outdoor space, potential for future development, or enhanced tenant amenities.
Described as being in a 'very nice location' with proximity to shops and schools, enhancing convenience for residents and overall desirability.
The history of several price drops suggests the property may have been initially overpriced or has struggled to attract offers, potentially indicating market resistance or underlying issues.
Built in 1979, the property is over four decades old, which could imply a need for updates to major systems (HVAC, plumbing, electrical) and cosmetic renovations to meet modern tenant expectations.
The presence of a nearby middle school (Phoenix Academy) with a low rating (1) could negatively impact the property's appeal to families and potentially affect long-term rental demand or resale value.
4 units with great income, fully occupied. Near shops/stores and schools. This property is 4plex with each unit has 2 bedrooms & 1 bathroom with own garages access.
No exterior & parking available.
Grades K-6 • 4.2 mi
Grades K-8 • 0.6 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,264 | 2,915 |
| Lot Size | 18,295.199 | 20,000 |
| Price | $725.0K | $636.7K |
| Price per sq ft | $222 | $208 |
| Built year | 1979 | 1971 |
| HOA | $0 | $0 |
| Days on market | 306 | 108 |
Jul 19, 2026
$725,000
$690,000
+5% Price Increase
Initial Listing
Jul 18, 2026
$690,000
$685,000
+1% Price Increase
Initial Listing
Jul 17, 2026
$685,000
$699,900
-2% Price Drop
Initial Listing
Jun 30, 2026
$699,900
$725,000
-3% Price Drop
Initial Listing
Jun 27, 2026
$725,000
$750,000
-3% Price Drop
Initial Listing
Jun 21, 2026
$750,000
$650,000
+15% Price Increase
Initial Listing
Oct 12, 2025
$650,000
$675,000
-4% Price Drop
Initial Listing
Sep 27, 2025
$675,000
$699,800
-4% Price Drop
Initial Listing
Sep 19, 2025
$699,800
Initial Listing