11398 Bartlett, Adelanto, CA 92301
List Price: $1.5M
Listing Status: Active
Original List Price: $150K
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Lot Size: 108,900 sq ft
MLS Number: PW26090078
About This Property
Excellent investment opportunity in Adelanto! This 16-space mobile home park, situated on over 5 acres, offers immediate cash flow with a 6.63% current cap rate and a projected pro forma of 8%+. The property features a value-add potential with space to add 3 to 4 more units. Sale includes all mobile home trailers, with three units recently remodeled. Additionally, the site includes an on-site commercial building with a steady income from a bakery tenant. Significant recent upgrades include a newly improved septic system (2024). All leases are month-to-month, providing maximum flexibility for rent increases and management. Ideally located with easy access to Hwy 395.
Listing provided by: Kyungae Yoon DRE #02119369 714-451-1700 realtorannieyoon@gmail.com, Coldwell Banker Best Realty
Source: CRMLS, MLS #: PW26090078
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.