21739 Panoche Road, Apple Valley, California 92308, Apple Valley, 92308 - 0 bed, 0 bath
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Apple Valley, California 92308
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $849,000—positioned above the $809,851 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, the expansive 19,744 sqft lot and proximity to Mariana Academy provide strong rental demand. The multi-unit configuration offers a stable income stream, though investors should account for capital improvements to aging infrastructure. This property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize long-term cash flow in Apple Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21739 Panoche Road Subject | $835,000* List Price | 0 | 0 | 3,368 | $239 | - |
A 10655 Cochiti Road Sold | $692,750 | 0 | 0 | 2,958 | $234 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property features some recent cosmetic updates including newer laminate flooring and fresh interior paint. However, it remains largely dated with original popcorn ceilings, older tile work, and basic cabinetry. The exterior shows significant cracking in the asphalt driveway and aged roof-mounted HVAC units, suggesting that while functional and move-in ready for tenants, the systems and finishes require modernization.
As a quadruplex, this property offers a diversified and stable rental income stream, making it a highly attractive asset for residential income investors.
The expansive 19,744 square foot lot provides ample space for tenant parking and potential outdoor common areas, which is a significant value-add for multi-family housing.
Located just 0.1 miles from Mariana Academy, the property is exceptionally convenient for families with school-aged children, helping to maintain low vacancy rates.
The property was recently sold within the past year on 2025-07-30. The sold price is $650,000.00.
The local elementary and middle schools carry low performance ratings (1 and 2), which may deter some long-term family tenants and impact future appreciation.
Built in 1979, the property may require more frequent maintenance and capital improvements to its core systems compared to newer multi-family developments.
Exceptional opportunity in Apple Valley. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-8 • 0.1 mi
Grades K-8 • 1.4 mi
Grades 9-12 • 1.5 mi
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 | 3,368 | 3,368 | 50% |
| Lot Size | 19,744 | 19,744 | 50% |
| Price | $835.0K | $670.0K | 67% |
| Price per sq ft | $248 | $248 | 50% |
| Built year | 1979 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 148 | 33% |
May 16, 2026
$835,000
$849,000
-2% Price Drop
Initial Listing
May 7, 2026
$849,000
Initial Listing
Jul 30, 2025
$650,000
Public Record
Jun 9, 2003
$173,000
Public Record