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11941 Lee Ave
Adelanto, CA 92301
Multifamily Property For Sale
·
9 Units
Investment 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.
- Desirable Lot Size: Spanning 0.89 acres, the property offers ample parking and outdoor space, enhancing its appeal for families and long-term tenants.
- Tenant-Paid Utilities Separate gas & electric meters for each unit ensure tenants are responsible for their utilities, reducing operating expenses.
- Diverse Unit Mix The property consists six 2-bedroom, 2-bathroom units and three 3-bedroom, 2-bathroom units, with garage parking.
- Recent capital improvements feature a new roof, new A/C units, all new windows, and full renovations in 8 of the 9 units.
Property Facts
| No. Units | 9 | Lot Size | 0.89 AC |
| Property Type | Multifamily | Building Size | 13,035 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1982 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Zoning | BP | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 13,035 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | BP |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | - |
| 3+2 | 3 | - | - |
Property Taxes
| Parcel Number | 0459-163-04 | Improvements Assessment | $669,311 |
| Land Assessment | $167,329 | Total Assessment | $836,640 |
Property Taxes
Parcel Number
0459-163-04
Land Assessment
$167,329
Improvements Assessment
$669,311
Total Assessment
$836,640
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