15975 Serrano Rd Apple Valley, CA 92307
High Desert NeighborhoodEstimated payment $6,553/month
Total Views
6,031
10
Beds
10
Baths
4,940
Sq Ft
$233
Price per Sq Ft
Highlights
- Laundry Room
- Central Heating and Cooling System
- 5 Car Garage
About This Home
Fully stabilized 5-unit multifamily investment offering strong in-place income with quality tenants already paying market rents. This well-maintained property features five spacious 2-bedroom, 2-bathroom units, each with a detached 1-car garage, washer and dryer hookups, central A/C and heating, updated paint and tile flooring (remodeled approximately 2–3 years ago), and additional on-site parking. Four of the five units include private patio/yard space, enhancing tenant appeal and retention. Situated on an expansive 20,000 sq ft lot, the property presents future expansion or value-add potential, including possible garage conversion (buyer to verify). A rare opportunity to acquire a clean, income-producing 5-unit asset with minimal deferred maintenance, ideal for both experienced investors and first-time multifamily buyers seeking stable cash flow and long-term growth. The same owner is also selling 13341 Navajo Rd, Apple Valley, CA 92308, presenting the unique opportunity to acquire multiple income-producing properties simultaneously.
Listing Agent
The Dara Group Inc. Brokerage Phone: 3109279680 License #02148207 Listed on: 02/14/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 0.46 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
- Parking Available
- Driveway
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,940 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Additional Features
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 495
- Tax Tract Number 4287
- Assessor Parcel Number 0441101300000
- $1,306 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $14
- Trash Expense $148
- Water Sewer Expense $411
- Operating Expense $573
- Gross Income $99,336
- Net Operating Income $99,330
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,617 | $600,412 | $38,278 | $562,134 |
| 2024 | $7,192 | $588,639 | $37,527 | $551,112 |
| 2023 | $7,124 | $577,097 | $36,791 | $540,306 |
| 2022 | $7,015 | $565,782 | $36,070 | $529,712 |
| 2021 | $6,856 | $554,688 | $35,363 | $519,325 |
| 2020 | $4,470 | $340,670 | $32,968 | $307,702 |
| 2019 | $4,387 | $333,991 | $32,322 | $301,669 |
| 2018 | $4,281 | $327,442 | $31,688 | $295,754 |
| 2017 | $4,220 | $321,022 | $31,067 | $289,955 |
| 2016 | $3,859 | $314,728 | $30,458 | $284,270 |
| 2015 | $3,415 | $276,645 | $15,369 | $261,276 |
| 2014 | -- | $271,226 | $15,068 | $256,158 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/21/2026 02/21/26 | Price Changed | $1,149,999 | -8.0% | $233 / Sq Ft | |
| 02/17/2026 02/17/26 | Price Changed | $1,249,999 | +8.7% | $253 / Sq Ft | |
| 02/14/2026 02/14/26 | For Sale | $1,149,999 | +109.5% | $233 / Sq Ft | |
| 06/23/2020 06/23/20 | Sold | $549,000 | 0.0% | $111 / Sq Ft | View Prior Sale |
| 01/14/2020 01/14/20 | Pending | -- | -- | -- | |
| 10/18/2019 10/18/19 | For Sale | $549,000 | +77.1% | $111 / Sq Ft | |
| 04/24/2015 04/24/15 | Sold | $310,000 | -8.5% | $63 / Sq Ft | View Prior Sale |
| 01/13/2015 01/13/15 | Pending | -- | -- | -- | |
| 01/13/2015 01/13/15 | For Sale | $338,800 | -- | $69 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
Richard's Other Listings
-
$1,355,000 Sold Apr 30, 2025
- 5 Beds
- 2.5 Baths
- 2,669 Sq Ft
- 13475 Mission Tierra Way
- Granada Hills, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26033991
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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