11895 White Avenue Active Save Request In-Person Tour Request Virtual Tour
Adelanto,CA 92301
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 $217
MLS Listing ID IV25114926
Bedrooms 6
Full Baths 3
Year Built 1979
Property Sub-Type All Other Attached
Property Description
Presenting 11895 White Avean excellent triplex investment opportunity in the growing High Desert rental market. Priced at $525,000, 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 5.71% current CAP rate, this property offers the potential to push to a 6.76% 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
Interior
Cooling Wall/Window
Exterior
View Y/N No
Building
Story 1
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard