11941 Lee Avenue

    Adelanto, CA 92301
    • $750,000
    • STATUS: Closed
    • ON SITE: 140 days
    • ID#: CV18133467
    Sold - 10/05/2018
    $750,000
    SOLD - 10/05/2018
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,980
      SQFT
    • $379
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Fully occupied nine unit apartment complex located in Adelanto near Westside Park Elementary, with scenic desert and mountain views. This property at list will give consistent returns. Six units are 2 bedroom 2 bath with a single car garage with the remaining three being 3 bedroom 2 bath Tenants are responsible for all of their own utilities. Property has significant upside in rents and Adelanto is currently experiencing a significant housing shortage that will make this a sound long term investment.

    Sold by Jason Lamoreaux of Coldwell Banker Commercial Re.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T12:30:59.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85077407

    11941 Lee Avenue Adelanto, CA 92301

    • Price: $799,000
    • Status: Closed
    • Updated: 56 min ago
    • ID#: CV18133467
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    1,980
    SQFT
    $379
    $/SQFT
    1982
    Built
    Neighborhood:
    ADL - Adelanto
    County:
    San Bernardino
    Area:
    ADL - Adelanto
    Property Description
    Fully occupied nine unit apartment complex located in Adelanto near Westside Park Elementary, with scenic desert and mountain views. This property at list will give consistent returns. Six units are 2 bedroom 2 bath with a single car garage with the remaining three being 3 bedroom 2 bath Tenants are responsible for all of their own utilities. Property has significant upside in rents and Adelanto is currently experiencing a significant housing shortage that will make this a sound long term investment.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.76 Community Features Curbs Country Us Electric Expense 785.28 Elevation Units Feet Gardener Expense 1200.00 Gross Income 83400.00 Gross Scheduled Income 83400.00 Insurance Expense 2400.00 Land Lease YN No Laundry YN No Maintenance Expense 8065.00 Net Operating Income 54075.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 29325.00 Other Expense 9347.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer None Special Listing Conditions Standard Total Expenses 29325.00 Trash Expense 3927.40 Vacancy Allowance Rate 3.00 Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jason Lamoreaux of Coldwell Banker Commercial Re.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T12:30:59.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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