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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 1,800,000
Est. payment | /mo
9,000 SqFt
$ 1,800,000
Est. payment | /mo
9,000 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $200
MLS Listing ID CRIV25115074
HOA Y/N No
Year Built 1982
Lot Size 0.950 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
An exciting opportunity to acquire a 10-unit portfolio comprised of five separately parceled duplexes in Adelanto, CA. Built in 1982, this single-story, low-maintenance portfolio spans nearly one acre and features an attractive mix of 2-bedroom, 1-bathroom units, each approximately 900 SF. The properties are currently operating at a 6.33% CAP rate with immediate rental upside, supporting a pro forma CAP of 6.83%. With tenants responsible for utilities, a stable rent roll, and straightforward management, this offering provides strong in-place cash flow and long-term appreciation in one of the High Desert’s fastest-growing rental markets. Parcel Numbers: 0459-161-53, 0459-161-54, 0459-161-55, 0459-161-56, 0459-161-57
Location
State CA
County San Bernardino
Interior
Fireplace No
Laundry No Hookups
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745