11895 White Avenue, Adelanto, CA 92301
- $495,000
- 6
- BD
- 3
- BA
- 2,414
- SqFt
- List Price
- $495,000
- Price Change
- ▼ $30,000 1767695613
- Status
- ACTIVE
- MLS#
- IV25114926
- Year Built
- 1979
- Bedrooms
- 6
- Bathrooms
- 3
- Living Sq. Ft
- 2,414
- Lot Size
- 9,000
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 432
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
****Price Reduction****Presenting 11895 White Ave—an 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. Recent interior renovations and new car port roof conducted in April. 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.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Septic Tank
- Water
- Public
- School District
- Adelanto
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.