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$ 495,000
Est. payment /mo
Price Dropped by $30K
11895 White Avenue Adelanto, CA 92301
6 Beds
3 Baths
2,414 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 2,414 sqft
Price per Sqft $205
MLS Listing ID IV25114926
Bedrooms 6
Full Baths 3
Year Built 1979
Lot Size 9,000 Sqft
Property Sub-Type All Other Attached
Property Description
****Price Reduction****Presenting 11895 White Avean excellent triplex investment opportunity in the growing High Desert rental market. Priced at $495,000, 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 6.12% current CAP rate, this property offers the potential to push to a 7.23% pro forma CAP with minor rent adjustments. The pro forma GRM is 9.75, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
Location
State CA
County San Bernardino
Zoning R-3
Direction From Hwy 395, head west on Air Expressway Blvd, turn left on White Aveproperty is on the right.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Water Access Desc Public
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 0459152440000
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by DARREN CORREA LE INVESTMENT GROUP