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15332 Tuscola Rd 2 Unit Apartment Building Offered at $699,998 at a 5.60% Cap Rate Apple Valley, CA 92307
INVESTMENT HIGHLIGHTS
- Fully Renovated Investment Property
- Strong Location – Close to schools, retail (Jess Ranch), and I-15 freeway
- Updated Systems - Solar/HVAC
- Two Separate Units
- Garage + RV Parking
- Resurfaced Pool & Spa
EXECUTIVE SUMMARY
15332 Tuscola Rd, Apple Valley – a turn-key investment property with two fully updated units and strong rental potential.
The main home features 3 bedrooms, 2 bathrooms, plus a finished basement (approx. 390 sq ft). The detached ADU offers 2 bedrooms and 1 bathroom with a private entrance and fenced yard. Both units have been fully remodeled with modern finishes, including new paint, fixtures, luxury vinyl plank flooring, fresh carpet, and updated kitchens and baths.
Additional features include:
Paid solar on main house
Updated HVAC systems for both units
Fully redone pool and spa with new plaster, tile, pump, filter, heater, and solar heating
Attached garage and RV parking
Low-maintenance landscaping
Located near schools, shopping, and quick freeway access, this property is ideal for maximizing rental income
The main home features 3 bedrooms, 2 bathrooms, plus a finished basement (approx. 390 sq ft). The detached ADU offers 2 bedrooms and 1 bathroom with a private entrance and fenced yard. Both units have been fully remodeled with modern finishes, including new paint, fixtures, luxury vinyl plank flooring, fresh carpet, and updated kitchens and baths.
Additional features include:
Paid solar on main house
Updated HVAC systems for both units
Fully redone pool and spa with new plaster, tile, pump, filter, heater, and solar heating
Attached garage and RV parking
Low-maintenance landscaping
Located near schools, shopping, and quick freeway access, this property is ideal for maximizing rental income
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$53,400
|
$16.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$53,400
|
$16.71
|
| Taxes |
$8,737
|
$2.73
|
| Operating Expenses |
$5,340
|
$1.67
|
| Total Expenses |
$14,077
|
$4.40
|
| Net Operating Income |
$39,323
|
$12.30
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $53,400 |
| Annual Per SF | $16.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $53,400 |
| Annual Per SF | $16.71 |
| Taxes | |
|---|---|
| Annual | $8,737 |
| Annual Per SF | $2.73 |
| Operating Expenses | |
|---|---|
| Annual | $5,340 |
| Annual Per SF | $1.67 |
| Total Expenses | |
|---|---|
| Annual | $14,077 |
| Annual Per SF | $4.40 |
| Net Operating Income | |
|---|---|
| Annual | $39,323 |
| Annual Per SF | $12.30 |
PROPERTY FACTS
| Price | $699,998 | Apartment Style | Single-Family Home |
| Price Per Unit | $349,999 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 3,196 SF |
| Cap Rate | 5.60% | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Price | $699,998 |
| Price Per Unit | $349,999 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.47 AC |
| Building Size | 3,196 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1987 |
MAP
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