$999,000
16228 Wato Road, Apple Valley CA 92307
Multi-Family (Fourplex)
Property type
58 days
On market
$262
Price per sqft
4 cars
Garage
1984
Year built
18,000 sqft
Lot size
Home highlights
Open Houses
Overview
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,...
Listing provided by: Joanna Nassar DRE #01964182, Coldwell Banker Envision
Listing updated: May 1, 2026 at 09:26pm.
Last checked: Jun 4, 2026 at 03:30pm
Source: CRMLS #HD26073633
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | 1 | $1,500 | $1,500 | $1,500 | Unfurnished |
| 1 | 2 | 2 | 1 | $1,500 | $1,500 | $1,500 | Unfurnished |
| 1 | 2 | 2 | 1 | $1,600 | $1,600 | $1,600 | Unfurnished |
| 1 | 2 | 2 | 1 | $1,600 | $1,600 | $1,600 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
13.4x
List Price / Annual Gross Rent
Cap Rate
5.37%
NOI / List Price
Gross Scheduled Income: $74,400
Operating Expense: $17,036
Net Operating Income: $53,644
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $4,000
Trash: $3,276
Water / Sewer: $6,960
Interior
Cooling: Central Air
Heating: Central
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition
Common Walls: Two Common Walls Or More
Lot Features: Paved, Value In Land
Pool: None
Fencing: Chain Link
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 4
Uncovered Spaces: 4
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 0473343090000
Additional Parcels: No
Tax Lot: 119
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 16228 Wato Road, Apple Valley, CA 92307. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$799,200
Total Interest
$1,019,336
Total Payment
$1,818,536
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,242
per month
Property History for 16228 Wato Road
Apple Valley Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92307.
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