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18000 Pearmain St
Adelanto, CA 92301
Multifamily Property For Sale
·
19 Units
Investment Highlights
- Near Amazon Warehouse
- Near Airport
- Near hwy 395
Executive Summary
The Ubaldo Company of Keller Williams Commercial is proud to bring to market a 19 unit apartment built in 1986 which consists of (19) 1bed/1bath units located in the growing city of Adelanto, California. Each unit is approx. 628 square feet and the apartment complex has gated parking for the tenants. The property is on septic and the owner installed risers for easy access when the septic tanks get cleaned out. In addition the city of Adelanto has been targeted by companies such as Amazon and have begun construction on warehouse were 1000 new jobs are opening. Lastly, the property is located within a 7 minute drive of a shopping center which consists of stores such as Stater Bros Markets, CVS Pharmacy, US Bank, Starbucks, Chase Bank, Bank of America, Del Taco, Denny's, Subway, Kentucky Fried Chicken, Walgreens, El Pollo Loco, Walmart, Mc donalds, Autozone and much more!
Property Facts
| Price Per Unit | $142,105 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.55% | Lot Size | 0.77 AC |
| Sale Condition | 1031 Exchange | Building Size | 11,928 SF |
| Gross Rent Multiplier | 9.87 | No. Stories | 2 |
| No. Units | 19 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 3.19/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3, Adelanto | ||
| Price Per Unit | $142,105 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.87 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 11,928 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 3.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Adelanto |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 600 - 627 |
Property Taxes
| Parcel Number | 0459-232-26 | Improvements Assessment | $1,804,054 |
| Land Assessment | $318,362 | Total Assessment | $2,122,416 |
Property Taxes
Parcel Number
0459-232-26
Land Assessment
$318,362
Improvements Assessment
$1,804,054
Total Assessment
$2,122,416
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