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11941 Lee Ave
Adelanto, CA 92301

$1,500,000 USD

Apartments For Sale  •  13,035 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,035 SF
  • Lot Size 0.89 AC
  • Building Class C
  • Year Built 1982
  • Zoning BP
0 Transit Score
30 Walk Score

Highlights

ProForma CAP Rate of 7.31% With a ProForma GRM of 8.59. Current CAP Rate of 6.72%. ProForma CAP Rate is Based on Leveling Off Current Rents.
Diverse Unit Mix The property consists six 2-bedroom, 2-bathroom units and three 3-bedroom, 2-bathroom units, with garage parking.
Desirable Lot Size: Spanning 0.89 acres, the property offers ample parking and outdoor space, enhancing its appeal for families and long-term tenants.
Recent capital improvements feature a new roof, new A/C units, all new windows, and full renovations in 8 of the 9 units.
Tenant-Paid Utilities Separate gas & electric meters for each unit ensure tenants are responsible for their utilities, reducing operating expenses.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Courtyard
  • Fenced Lot
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Oven
  • Range
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
13 min - 8.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Anthony Le 714-423-3819 Le Investment Group
Anthony Le 714-423-3819 Le Investment Group