16228 Wato Road Apple Valley, CA $ 999,000
16228 Wato Road
$ 999,000
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16228 Wato Road

Apple Valley, CA, 92307
$ 999,000
Baths2.0 Sq 3,808

Monthly Estimate*

$ 6,151

Listed by Coldwell Banker Envision
16228 Wato Road, Apple Valley, CA 92307 - Image 1
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Studio

Multi-Family Home for sale in Apple Valley, CA

for $999,000 with 2 full baths. This 3,808 square foot home was built in 1984 on a lot size of 0.4132.

Rare Opportunity to Own a Fully Rented 4-Unit Property Situated on Approximately Half an Acre in an Ideal Location. Properties like this do not come up often, making this a standout investment opportunity in today’s market. All Units Are Currently Rented, offering strong income potential. Each Unit Features a Functional Layout along with Single-Car Garage Parking, providing added convenience and appeal for tenants. Each unit is approximately 952 square feet and offers 2 bedrooms and 2 bathrooms. The expansive lot sets this property apart from others in the area, offering additional space and long-term potential. This Well-Maintained Property has seen Recent Upgrades, including Exterior Paint completed approximately 2 years ago, Updated Stairs, and Units that have been improved and are in Good Condition throughout. All Units Feature Their Own Laundry, adding everyday convenience, while the Two Upstairs Units offer Fireplaces for added comfort and appeal. Comparable multi-unit properties in the area continue to be in high demand, making this the type of asset investors are actively seeking. Conveniently located near Shopping, Schools, and major commuter routes, this property offers excellent accessibility and rental appeal. A Strong Opportunity to acquire a Well-Kept, Income-Producing 4-Plex in a desirable and growing market.

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Multi-Family Active

Price

$ 999,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.4132

Year Built

1984

Town/City

Apple Valley

County/Region

San Bernardino

MLS | Web ID

HD26073633

Days on Market

2

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Composition
Garage Spaces 4
Pool Features None
Year Built 1984
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 74400
Community Features Urban
County San Bernardino
Net Operating Income 53644
Operating Expense 17036
Insurance Expense 4000
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From I 15 N Exit D St. / HWY 18 Turn Right Continue Over the hill to Apple Valley Rd Turn Left. Turn Left onto Muni Rd Turn Right onto Wato Rd. PIQ is on the Left Side
City Apple Valley
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area APPV - Apple Valley
Lot Size Units Square Feet
Lot Size Square Feet 18000
Listing Terms Cash Submit
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 3276
Water Sewer Expense 6960
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 119
Property Sub Type Additional Quadruplex
Cap Rate 5.37
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Inside
Entry Level 1
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Exterior
Fencing Chain Link
Lot Features Paved Value In Land
Water Source Public
Total Parking 8
Lot Size Area 18000
Number of Buildings 2
Building Area Total 3808
Lot Size Acres 0.4132
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Coldwell Banker Envision

Broker

joannasales365@gmail.com

Email

Affordability Calculator

$6,151
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,151
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2026$999,000 Listed Price

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16228 Wato Road, Apple Valley, CA, 92307 is a Multi-Family Home for sale at $999,000 with 3,808 sqft and a lot size of 0.4132. 16228 Wato Road is a studio with 2.0 baths and was built in 1984. The property's zip code is 92307 which is in Apple Valley, CA