Rare opportunity to own quadruplex (4 Units with Garages) in highly sought after Desert Knolls neighborhood in Apple Valley, Ca. Immediate upside if you can manage yourself currently with professional management company costing ±$5,400 in annual expenses. The Operating Expenses and NOI include new property taxes at ±$900,000 and current insurance coverage. Neighborhood includes nearby St. Mary's Hospital, high end homes, offices, restaurants, banks, shopping, and much more. Within minutes of the I-15 Freeway. Units feature 2 Beds 1 Baths with living area and kitchen. Two units have been completely remodeled last year with the higher rents and the other two units are long term tenants. Great pro-forma potential in a growing market with highly anticipated High Speed Train to Las Vegas plus millions of sq ft of industrial buildings proposed in the North Apple Valley Industrial Specific Plan.
Sold for $870,000 on 08/02/24
Listing Provided by:
Bryen Wright DRE #01948664 760-792-4224,
First Team Real Estate-HighDes
Bought with: First Team Real Estate-HighDes
$870,000
16340 Quantico Rd, Apple Valley, CA 92307
8beds
4baths
4,088sqft
Quadruplex
Built in 1988
-- sqft lot
$847,400 Zestimate®
$213/sqft
$1,638 Estimated rent
Home value
$847,400
$763,000 - $941,000
$1,638/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 06, 2024 at 08:50am
Listing Provided by:
Bryen Wright DRE #01948664 760-792-4224,
First Team Real Estate-HighDes
Bought with:
Bryen Wright, DRE #01948664
First Team Real Estate-HighDes
Source: CRMLS,MLS#: HD24102854
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,088
- Total interior livable area: 4,088 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 8
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
Lot
- Size: 0.52 Acres
- Features: Landscaped, Level, Paved, Rectangular Lot, Yard
Details
- Parcel number: 0473281030000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Park, Street Lights, Sidewalks
Location
- Region: Apple Valley
HOA & financial
Other financial information
- Total actual rent: 67488
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Submit,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2024 | Sold | $870,000-3.3%$213/sqft |
Source:  CRMLS #HD24102854 | ||
| 6/11/2024 | Pending sale | $900,000$220/sqft |
Source: CRMLS #HD24102854 | ||
| 5/23/2024 | Listed for sale | $900,000+492.1%$220/sqft |
Source: CRMLS #HD24102854 | ||
| 8/2/2001 | Sold | $152,000+38.2%$37/sqft |
Source: Public Record | ||
| 1/23/2001 | Sold | $110,000$27/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,373 +243.8% | $870,000 +295.2% |
| 2024 | $3,017 +1.1% | $220,148 +2% |
| 2023 | $2,985 +1.6% | $215,831 +2% |
Find assessor info on the county website
Neighborhood: 92307
Nearby schools
GreatSchools rating
- 3/10Desert Knolls Elementary SchoolGrades: K-6Distance: 1.6 mi
- 8/10Academy for Academic ExcellenceGrades: K-12Distance: 1.2 mi
- 4/10Granite Hills High SchoolGrades: 9-12Distance: 6.7 mi
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Estimated market value
$847,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$847,400