****Price Reduction****Presenting 11895 White Ave-an excellent triplex investment opportunity in the growing High Desert rental market. Priced at $495,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. Recent interior renovations and new car port roof conducted in April. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 6.12% current CAP rate, this property offers the potential to push to a 7.23% pro forma CAP with minor rent adjustments. The pro forma GRM is 9.75, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
Details
MLS
IV25114926
Listing Type
For Sale
Style
Triplex
Sub-Type
Resale
Status
Active
Year
1979
Days On Site
501
Listing Provided By
LE INVESTMENT GROUP | DARREN CORREA
Features
Bed(s)
6
Bath(s)
3 Total
SQ Feet
2,414
Story(s)
1
Units
3
Zoning
R-3
Acreage
0.21
Property View
Yes
Interior
Cooling
Wall Window Units
Cooling Yes / No
Yes
Interior Features
All Bedrooms Down
Fireplace Yes / No
No
Exterior
Lot Features
Two To Five Units Acre
Parking
Garage Yes / No
No
Utilities
Sewer
Septic Tank
Location
Community Features
Urban, Valley
Area Information
State
CA
County
San Bernardino
City
Adelanto
Zip Code
92301
Area
ADL Adelanto
Sourced by Back At You
MLS#: IV25114926 Listed By: DARREN CORREA - LE INVESTMENT GROUP - 9092567889- albert.le@leinvestmentgroup.com
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MLS#: IV25114926 Listed By: DARREN CORREA - LE INVESTMENT GROUP - 9092567889- albert.le@leinvestmentgroup.com
