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!
Multi-familyProperty Type
1984Year Built
0.5 acresLot Size
$192Price/Sq.Ft.
8 garage spacesParking
Listed by Min Yang•DRE #01344219• Wetrust Realty
Contact: minyang168@gmail.com
Bought with Brian Williams•DRE #02056444• Clear Realty
Presenting 20209 Otoe Road, a 1984 Built four (4) unit apartment in Apple Valley. The property consists of desirable single-story two-bedroom, one-bath units that come with two-car garage parking. Tenants enjoy a private fenced back yard and comforting floorplans with interior fireplaces. The property sits on a large half-acre lot and contains two separate stand-alone structures for added tenant comfort. 20209 Otoe Road is perfect for an owner-user, a seasoned investor, or a new investor looking to acquire a property and start their investment portfolio. Investors have the opportunity to purchase this property at only $145 per square foot, which is well below today's replacement costs. Also, expenses are reduced since the tenants pay for most utilities. The property is near the Apple Valley Commons shopping center, featuring notable retailers and restaurants such as Target, Dollar Tree, Ross, Well Fargo, Alberton's, Panda Express, Denny's, and the Apple Valley Golf Course. Don't miss out on this rare find!
CRMLS #CV21206138
Oct 29, 2021
Sold
$580,000
$146/sq ft
Sep 23, 2021
Pending
—
Sep 17, 2021
Listed
$575,000
$145/sq ft
CRMLS #EV14022652
Apr 18, 2014
Sold
$260,000
$66/sq ft
Feb 3, 2014
Listing Removed
—
Feb 3, 2014
Listed
$270,000
$68/sq ft
CRMLS #438214
Apr 18, 2014
Sold
$260,000
$66/sq ft
Jan 17, 2014
Listed
$270,000
$68/sq ft
SDMLS #301747632
Apr 18, 2014
Sold
$260,000
$66/sq ft
Jan 17, 2014
Listed
$270,000
$68/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,445 (+2.9%)
$63,672 + $551,828
$615,500
2024
$7,236 (+0.9%)
$63,672 + $551,828
$615,500
2023
$7,169 (+82.7%)
$61,200 + $530,400
$591,600
2022
$3,923 (+2.3%)
$61,200 + $530,400
$591,600
2021
$3,835 (+1.3%)
$28,879 + $271,462
$300,341
2020
$3,786 (+1.9%)
$28,313 + $266,139
$294,452
2019
$3,716 (+2.5%)
$28,023 + $263,410
$291,433
2018
$3,626 (+1.4%)
$27,474 + $258,245
$285,719
2017
$3,575 (+8.9%)
$26,407 + $248,217
$274,624
2016
$3,282 (+1.5%)
$26,407 + $248,217
$274,624
2015
$3,233 (+7.8%)
$25,889 + $243,350
$269,239
2014
$2,999 (−16.1%)
$27,166 + $215,629
$242,795
2013
$3,573 (−4.7%)
$27,166 + $215,629
$242,795
2012
$3,751 (+0.5%)
$50,500 + $161,600
$212,100
2011
$3,733 (−0.3%)
$45,500 + $145,600
$191,100
2010
$3,744 (−8.8%)
$45,500 + $145,600
$191,100
2009
$4,105 (+2.6%)
$45,500 + $145,600
$191,100
2008
$4,000
$25,743 + $204,337
$230,080
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
125 ft.
Lot depth
175 ft.
Lot size
0.5 Acres
Year renovated
1984
Sq. Ft.
3,960
Year built
1984
Style
Multi-Family (2-4 Unit)
County
San Bernardino County
APN
0441 093 03 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.