16
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$480,000
Est. payment /mo
2 Beds
1 Bath
9,147 Sqft Lot
New
11895 White Avenue Adelanto, CA 92301
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25085013
Bedrooms 2
HOA Y/N No
Lot Size 9,147 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Presenting 11895 White Avean excellent triplex investment opportunity in the growing High Desert rental market. Priced at $480,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 6.25% current CAP rate, this property offers the potential to push to a 7.39% pro forma CAP with minor rent adjustments. The pro forma GRM is 8.92, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
Presenting 11895 White Avean excellent triplex investment opportunity in the growing High Desert rental market. Priced at $480,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 6.25% current CAP rate, this property offers the potential to push to a 7.39% pro forma CAP with minor rent adjustments. The pro forma GRM is 8.92, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
Presenting 11895 White Avean excellent triplex investment opportunity in the growing High Desert rental market. Priced at $480,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 6.25% current CAP rate, this property offers the potential to push to a 7.39% pro forma CAP with minor rent adjustments. The pro forma GRM is 8.92, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
Location
State CA
County San Bernardino
Area Adelanto (92301)
Zoning Public Rec
Building
Story 1
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $5, 302
Acceptable Financing Cash, Conventional, FHA
Space Rent $3,845
Listing Terms Cash, Conventional, FHA
Listed by DARREN CORREA • LE INVESTMENT GROUP