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11398 Bartlett Ave 610 SF Specialty Building Offered at $1,500,000 at a 6.60% Cap Rate in Adelanto, CA 92301
Investment Highlights
- Dual-Asset Income Stream: Stable 16-space mobile home park combined with an on-site commercial bakery.
Executive Summary
### Investment Highlights
* High-Yield Asset: Features a strong 6.63% current cap rate with a projected pro forma CAP rate of 8%+.
* Value-Add Potential: Spacious 2.51-acre lot offers additional space to add 3 to 4 more mobile home units to maximize rental income.
* Stable Cash Flow: Sale includes all 16 mobile home trailers (with 3 recently remodeled).
* Additional Commercial Income: Features an on-site commercial building fully leased to an established bakery tenant, providing steady, diversified revenue.
* Strategic Infrastructure Updates: Significant property improvements include a newly upgraded septic system completed in 2024.
* Management Flexibility: All tenant leases are currently month-to-month, allowing immediate flexibility for rental adjustments and optimized property management.
### Location Overview
Ideally positioned with quick and convenient access to Highway 395 in Adelanto. This property represents a turnkey, high-yield opportunity with significant upside potential in a steadily growing market. Perfect for 1031 exchange investors looking for immediate cash flow and future growth.
* High-Yield Asset: Features a strong 6.63% current cap rate with a projected pro forma CAP rate of 8%+.
* Value-Add Potential: Spacious 2.51-acre lot offers additional space to add 3 to 4 more mobile home units to maximize rental income.
* Stable Cash Flow: Sale includes all 16 mobile home trailers (with 3 recently remodeled).
* Additional Commercial Income: Features an on-site commercial building fully leased to an established bakery tenant, providing steady, diversified revenue.
* Strategic Infrastructure Updates: Significant property improvements include a newly upgraded septic system completed in 2024.
* Management Flexibility: All tenant leases are currently month-to-month, allowing immediate flexibility for rental adjustments and optimized property management.
### Location Overview
Ideally positioned with quick and convenient access to Highway 395 in Adelanto. This property represents a turnkey, high-yield opportunity with significant upside potential in a steadily growing market. Perfect for 1031 exchange investors looking for immediate cash flow and future growth.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per SF | $2,459.02 | Lot Size | 2.51 AC |
| Sale Type | Investment or Owner User | Building Size | 610 SF |
| Cap Rate | 6.60% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1956/2025 |
| Property Type | Specialty | Parking Ratio | 14.9/1,000 SF |
| Property Subtype | Contractor Storage Yard | Opportunity Zone |
Yes
|
| Zoning | C-2 - General Commercial (C-2) zoning permits high-density flexible usage, offering excellent value-add expansion or future redevelopment potential. | ||
| Price | $1,500,000 |
| Price Per SF | $2,459.02 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.60% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Contractor Storage Yard |
| Building Class | C |
| Lot Size | 2.51 AC |
| Building Size | 610 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2025 |
| Parking Ratio | 14.9/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-2 - General Commercial (C-2) zoning permits high-density flexible usage, offering excellent value-add expansion or future redevelopment potential. |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0459-254-06 | Improvements Assessment | $208,905 (2025) |
| Land Assessment | $46,423 (2025) | Total Assessment | $255,328 (2025) |
Property Taxes
Parcel Number
0459-254-06
Land Assessment
$46,423 (2025)
Improvements Assessment
$208,905 (2025)
Total Assessment
$255,328 (2025)
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11398 Bartlett Ave
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