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Jeffrey Walker

jeffrey@walkerpropertygroupca.com +1(949) 903-3731

$ 840,000

Est. payment | -/mo

0.42 Acres Lot

Save

$ 840,000

Est. payment | -/mo

Save

0.42 Acres Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26222697

HOA Y/N No

Year Built 1983

Lot Size 0.420 Acres

Property Sub-Type Apartment

Property Description

Excellent six-unit multifamily investment opportunity located at 12069 Chamberlaine Way in Adelanto, CA. Offered at $840,000 ($140,000 per unit), the property features an attractive 6.72% current CAP rate with upside to a 7.28% pro forma CAP rate. Built in 1983, the property consists of three single-story buildings totaling approximately 3,824 rentable square feet on a 0.42-acre lot. The desirable unit mix includes four 2-bedroom/1-bath units and two 1-bedroom/1-bath units. All units have been remodeled, new roof and new driveway installed recently. Additional features include onsite parking, and tenant-paid gas and electricity, helping minimize operating expenses. Conveniently located near Highway 395, Interstate 15, and Southern California Logistics Airport, providing access to major employment centers throughout the Victor Valley. An attractive opportunity to acquire an established income-producing multifamily property with rental upside and long-term investment potential.

Location

State CA

County San Bernardino

Area Adl - Adelanto

Interior

Fireplace No

Laundry Washer Hookup

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre, Yard

Story 1

Sewer Septic Tank

Water Public

New Construction No

Others

Senior Community No

Tax ID 0459161590000

Energy Description 2500.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840, DRE #02066621

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

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12069 Chamberlaine Adelanto, CA 92301