16377 Wato Road, Apple Valley, California 92307, Apple Valley, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$2,100,000
16377 Wato Road, Apple Valley, California 92307
0Bed
0Bath
9,384Sqft
22,250Lot
Year Built
1985
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25189446
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

APPLE VALLEY - Welcome to an exceptional and rare investment opportunity! For the first time on the market, this well-maintained ten (10) unit apartment complex, built and owned by the original owner, is now available. The apartments sit on two parcels (.51 and .52 acres +/-) totaling approximately one acre. Total square footage of the buildings is 9,384 +/-. Two bedrooms, one and a half baths, living room, kitchens offer cooktops, ovens and dishwashers, private patios. Rooms are bright and open, some ceiling fans. There are two double garages and 8 single garages, additional parking on property. Some apartments have been rehabbed, ensuring a modern appeal and tenant satisfaction. Strategically positioned, the property offers convenience. It is located close to St Marys Medical Center and a strong tenant base of medical and office professionals. Easy access to the I-15 makes for commuting and further enhancing the property's appeal. This is a stable, income generating asset with a solid history and unlimited future potential. Don't miss this chance to acquire a meticulously, cared-for income producing property in a highly sought-after location. The interior pictures of the rehabbed Unit #1 are a sample of the layout of the other apartments. This is an opportunity you won't want to miss!

Nearby schools

4/10
Desert Knolls Elementary School
Public,K-61.4mi
3/10
Granite Hills High School
Public,9-126.9mi

Price History

Date
Event
Price
08/22/25
Listing
$2,100,000
Condition Rating
Good

Built in 1985, this property features units that have been 'rehabbed' as per the listing, with the interior photos showcasing one such updated unit. The kitchen includes stainless steel appliances (range, dishwasher) and granite-look countertops, though the wood cabinets appear to be an older style. The bathroom is clean with an updated vanity top, but features a standard tub/shower combo and a slightly dated light fixture. Flooring consists of tile in wet areas and laminate wood in living spaces. While not a full, recent high-end renovation, the updates make the units move-in ready and functional, aligning with a 'Good' condition, especially given the property's age and the description of being well-maintained.
Pros & Cons

Pros

High Investment Potential: Described as an 'exceptional and rare investment opportunity,' a 'stable, income generating asset with a solid history and unlimited future potential,' appealing to serious investors.
Strategic Location & Tenant Base: Proximity to St. Mary's Medical Center and easy access to I-15 attracts a strong and stable tenant base of medical and office professionals, ensuring consistent demand.
Original Ownership & Maintenance: First time on the market, built and owned by the original owner, indicating meticulous care and well-maintained condition over decades.
Ample Parking & Garages: Features two double garages, eight single garages, and additional on-property parking, providing a significant and desirable amenity for tenants.
Generous Lot Size: Comprises two parcels totaling approximately one acre, offering ample space for tenant amenities, privacy, or potential future development/expansion.

Cons

Inconsistent Unit Modernization: Only 'some apartments have been rehabbed,' suggesting a disparity in unit condition and potential future capital expenditure required for un-rehabbed units.
Aging Infrastructure Risk: Built in 1985, the property is nearly 40 years old, which may imply aging core systems (plumbing, electrical, HVAC) that could require significant future maintenance or replacement.
Undisclosed Financial Performance: While touted as income-generating, the listing lacks specific details on current rents, occupancy rates, or operating expenses, necessitating extensive due diligence for investors.

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