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Desert Oasis 11211 La Habra Ave 48 Unit Apartment Building $6,995,000 ($145,729/Unit) 7.01% Cap Rate Adelanto, CA 92301
Investment Highlights
- Strong In-Place 7.01% CAP Rate with Upside to 8.09% Pro Forma
- 48-Unit Multifamily Community on ±2.03 Acres
- Located in an Opportunity Zone with Long-Term Growth Potential
- Recent Capital Improvements Exceeding $350,000
- Balanced Unit Mix of 24 One-Bedroom & 24 Two-Bedroom Units
- Near Southern California Logistics Airport, Highway 395 & I-15 Employment Corridors
Executive Summary
Desert Oasis Apartments is a 48-unit, single-story multifamily community situated on approximately 2.03 acres in Adelanto, CA. The property features a balanced mix of 24 one-bedroom and 24 two-bedroom units, covered parking, private patios, onsite laundry, and fully fenced grounds. Recent capital improvements exceeding $350,000 have enhanced the property's condition and tenant appeal. Strong in-place income, significant rental upside, and proximity to major employment centers, Highway 395, Interstate 15, and the Southern California Logistics Airport make this an attractive value-add investment opportunity in the growing High Desert market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,995,000 | Apartment Style | Garden |
| Price Per Unit | $145,729 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.03 AC |
| Cap Rate | 7.01% | Building Size | 28,728 SF |
| Gross Rent Multiplier | 8.91 | No. Stories | 1 |
| No. Units | 48 | Year Built/Renovated | 1988/2023 |
| Property Type | Multifamily | Parking Ratio | 2.23/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3, Adelanto | ||
| Price | $6,995,000 |
| Price Per Unit | $145,729 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| Gross Rent Multiplier | 8.91 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.03 AC |
| Building Size | 28,728 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1988/2023 |
| Parking Ratio | 2.23/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Adelanto |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Patio
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 554 |
| 2+1 | 24 | - | 735 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0459-073-21 | Improvements Assessment | $5,716,998 |
| Land Assessment | $161,262 | Total Assessment | $5,878,260 |
Property Taxes
Parcel Number
0459-073-21
Land Assessment
$161,262
Improvements Assessment
$5,716,998
Total Assessment
$5,878,260
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Desert Oasis | 11211 La Habra Ave
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