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20209 Otoe RD Apple Valley, CA 92307
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Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR26020969
Sold Date 03/04/26
HOA Y/N No
Year Built 1984
Lot Size 0.502 Acres
Property Sub-Type Quadruplex
Property Description
Excellent Investment Opportunity! Rare duplex-style four-unit property thoughtfully designed to operate like four single-family residences. Each unit features 2 bedrooms, 1 bathroom, a private yard, its own HVAC system, and direct access to attached 2-car garage w/laundry hookup, offering tenants privacy and functionality seldom found in multifamily properties. 3 units are currently occupied; 1 vacant renovated unit—ideal for owner occupancy or immediate lease-up at market rent. Renovations include fresh interior paint, new durable vinyl flooring and window blinds; also comes with tile floor and newer HVAC. This property is highly efficient with minimal operating expenses: Tenants pay all utilities, including water and trash, while the owner is ONLY responsible for gardening, keeping ownership costs extremely low. Additional highlights include long-term tenants, upside rent potential, partial roof replacement, and a well-maintained condition throughout. Conveniently located near shopping, schools, and major roads, this is a turnkey investment with strong cash flow and future growth. A rare opportunity to own a high-performing income property that feels like single-family living. Cap rate can be up to 7.50%+!!! HUGE return on investment!
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplaces Type Living Room
Fireplace Yes
Appliance Free-Standing Range
Laundry In Garage
Exterior
Parking Features Direct Access, Garage, Shared Driveway, Uncovered
Garage Spaces 8.0
Garage Description 8.0
Fence Chain Link, Wood
Pool None
Community Features Rural
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 20
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0441093030000
Acceptable Financing Cash to Existing Loan, Conventional, 1031 Exchange
Listing Terms Cash to Existing Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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