Offering Actual CAP Rate of 6.00 % / ProForma CAP Rate of 7.27 %. Offering Actual GRM of 9.99, With a ProForma GRM of 8.86 Conservative 5-7 %. Upside in Potential Rental Income. Located Less Than One Block From The St. Mary’s Medical Center. Non-Rent Control Community & Area. Long Term Tenants With Upside in Potential Rental Income. The Apartment is 100 % Occupied & Rental Comparables Illustrate a 99 % Occupancy Area. Turn Key Financeable Asset. The 15771 Kasota Road apartment community is located on the corner lot of Olalee Road and Kasota Road. The thirteen-unit apartment is composed of (12) 1-bedroom / 1-bathroom units that are approximately 620 Sq. Ft and (1) 2-bedroom / 1-bathroom that is approximately 718 Sq. Ft. The owner has invested in recent capital improvements that include renovated units and new A/C units. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
Multi-familyProperty Type
1989Year Built
0.79 acresLot Size
$144Price/Sq.Ft.
Listed by ALBERT LE•DRE #01468313• LE INVESTMENT GROUP
Bought with Jose Gutierrez•DRE #00541345• VILLAGE REALTORS
THIS 13 UNIT COMPLEX, LOCATED SOUTH OF HIGHWAY 18, IS WELL MAINTAINED AND VERY APPEALING TO PROSPECTIVE TENANTS. THE COMPLEX CONSISTS OF TWO BUILDINGS, A 10 UNIT STRUCTURE AND A TRIPLEX, THERE ARE 12 1BD 1 BATH AND 1 2BD 1 BATH UNITS. SOME RENTS ARE VERY UNDER MARKET, MAINLY DUE TO OLD TENANCTS. ALL RENTS ARE MONTH-TO-MONTH. 10 UNIT BUILDING HAS NEW ROOF.
Public Records
Apr 30, 2004
Sold
$560,000
$69/sq ft
Public Records
Jun 1, 1989
Sold
$408,000
$50/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,137 (+2.9%)
$47,026 + $1,238,009
$1,285,035
2024
$15,690 (+1.0%)
$47,026 + $1,238,009
$1,285,035
2023
$15,538 (+1.6%)
$45,200 + $1,189,935
$1,235,135
2022
$15,298 (+2.3%)
$45,200 + $1,189,935
$1,235,135
2021
$14,952 (+17.8%)
$44,314 + $1,166,603
$1,210,917
2020
$12,698 (+1.9%)
$43,445 + $1,143,728
$1,187,173
2019
$12,462 (+31.8%)
$36,414 + $951,966
$988,380
2018
$9,458 (+1.5%)
$35,700 + $933,300
$969,000
2017
$9,321 (+9.0%)
$51,000 + $637,500
$688,500
2016
$8,551 (+13.5%)
$51,000 + $637,500
$688,500
2015
$7,535 (+8.4%)
$31,600 + $657,800
$689,400
2014
$6,951 (−23.6%)
$25,000 + $520,000
$545,000
2013
$9,099 (+22.2%)
$25,000 + $520,000
$545,000
2012
$7,443 (+0.5%)
$85,900 + $645,400
$731,300
2011
$7,405 (−40.5%)
$68,700 + $516,300
$585,000
2010
$12,436 (+0.3%)
$68,700 + $516,300
$585,000
2009
$12,400 (+3.9%)
$151,642 + $886,292
$1,037,934
2008
$11,933
$152,002 + $888,398
$1,040,400
Tax history for 15771 Kasota Rd
Year
Property tax
Land + Additions
Assessment*
2025
$16,137 (+2.9%)
$47,026 + $1,238,009
$1,285,035
2024
$15,690 (+1.0%)
$47,026 + $1,238,009
$1,285,035
2023
$15,538 (+1.6%)
$45,200 + $1,189,935
$1,235,135
2022
$15,298 (+2.3%)
$45,200 + $1,189,935
$1,235,135
2021
$14,952 (+17.8%)
$44,314 + $1,166,603
$1,210,917
2020
$12,698 (+1.9%)
$43,445 + $1,143,728
$1,187,173
2019
$12,462 (+31.8%)
$36,414 + $951,966
$988,380
2018
$9,458 (+1.5%)
$35,700 + $933,300
$969,000
2017
$9,321 (+9.0%)
$51,000 + $637,500
$688,500
2016
$8,551 (+13.5%)
$51,000 + $637,500
$688,500
2015
$7,535 (+8.4%)
$31,600 + $657,800
$689,400
2014
$6,951 (−23.6%)
$25,000 + $520,000
$545,000
2013
$9,099 (+22.2%)
$25,000 + $520,000
$545,000
2012
$7,443 (+0.5%)
$85,900 + $645,400
$731,300
2011
$7,405 (−40.5%)
$68,700 + $516,300
$585,000
2010
$12,436 (+0.3%)
$68,700 + $516,300
$585,000
2009
$12,400 (+3.9%)
$151,642 + $886,292
$1,037,934
2008
$11,933
$152,002 + $888,398
$1,040,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.79 Acres
Year renovated
1956
Sq. Ft.
2,218
Year built
1956
Style
Multi-Family (5+ Unit)
County
San Bernardino County
APN
0473 113 10 0 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 24, 2026.
R-M
Multi-Family Residential District
This district is intended to provide an area for higher density housing types, including single family attached and multi-family homes such as duplexes, condominiums, townhouses, apartments and senior housing developments. Single family detached units are allowed on existing lots of 8,712 sq ft net acres 10,000 sq ft in the Mountain Vista neighborhood only [2]. Up to 20 units per acre may be allowed. The minimum lot size shall be 17,424 sq ftnet acres 18,000 sq ft, except for existing lots of no less than 8,712 sq ft net acres in the Mountain Vista neighborhood. The maximum number of units allowed on a parcel located in the R-M district shall be calculated by multiplying the total net area of the lot in acres by 20 units per acre.
Permitted uses
Include but are not limited to:
Housing-Senior
Educational/school
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 13
# of Parking Spaces: 13
Interior
Laundry Information
Has Laundry
Community, Dryer Included, Washer Included
Cooling Information
Central
Has Cooling
Interior Features
Levels: One
Unit Type 1 Information
Unit Key Numeric: 10556096
Listing Key Numeric: 363552205
Actual Rent: $875
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $10,500
Total # of Units: 12
Unit Type 2 Information
Unit Key Numeric: 10556097
Listing Key Numeric: 363552205
Actual Rent: $975
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $975
Total # of Units: 1
Expenses
Fuel Expense: $420
Trash: $5,157
Total: $42,889
Maintenance: $6,576
Insurance: $3,938
Water Sewer: $4,205
Electric: $1,728
New Taxes: $12,688
Gardener: $1,440
Multi-Unit Information
Net Operating Income: $88,639
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 8,158
Gross Scheduled Income: $137,700
Gross Multiplier: 8.86
Gross Income: $137,700
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 13
# Of Separate Electric Meters: 13
# Of Buildings: 2
Vacancy Allowance Rate: 5
Vacancy Allowance: 6923
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 11-15 Units/Acre
Property Information
Total # of Units: 13
Common Walls: 2+ common walls
Parcel Number: 0473113100000
Attached Property
Total # of Stories: 2
Year Built Source: Other
Financial
Lease / Rental Details
Operating Expense: $42,889
Other Expense: $161
Other Expense Description: Admin
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Urban
Location Information
Latitude: 34.53799600
Longitude: -117.26642100
Directions: 15 Fwy exit D St. go southeast, continue to Hwy 18, Right on Kasota Rd.
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,218
Stories: 1.0
Lot Size: 0.79 acres
Style: Multi-Family (5+ Unit)
Year Built: 1956
Year Renovated: 1956
County: San Bernardino County
APN: 0473 113 10 0 000
Home facts updated by county records on Jun 24, 2026
Other
Listing Information
Days Active in MLS: 125
Continuous Days Active in MLS: 125
Listing Agent Information
List Agent First Name: ALBERT
List Agent Last Name: LE
Listing Office Information
List Office Name: LE INVESTMENT GROUP
Selling Agent Information
Buyer Agent First Name: JOSE
Buyer Agent Last Name: GUTIERREZ
Selling Office Information
Buyer Office Name: VILLAGE REALTORS
Around this home
Schools
Desert Knolls Elementary School
Public K-6 • Assigned • 0.7mi
5/10
Sitting Bull Academy
Public K-8 • Assigned • 4.0mi
4/10
Granite Hills High School
Public 9-12 • Assigned • 6.0mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 100° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
22 unhealthy days expected this year, 28 days in 30 years
Provided by First Street
Historical weather
Apple Valley, CA • 92307
Average low and high temperatures (°F)
60
34
66
39
74
44
73
45
83
52
93
60
95
63
97
66
90
61
82
52
67
41
65
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.2 hours in
June and 6.7 hours in December, placing it above the
U.S. average for solar exposure.