11895 White Avenue, Adelanto, CA 92301
List Price: $495K
Listing Status: ActiveUnderContract
Original List Price: $480K
0Days on Market: 359
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1979
Lot Size: 9,147 sq ft
Private Pool: Yes
MLS Number: IV25085013
About This Property
****Price Reduction****Presenting 11895 White Ave—an excellent triplex investment opportunity in the growing High Desert rental market. Priced at $525,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 5.71% current CAP rate, this property provides the potential to push to a 6.76% 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.
Listing provided by: DARREN CORREA DRE #02066621 909-256-7889 darren.correa@leinvestmentgroup.com, LE INVESTMENT GROUP
Source: CRMLS, MLS #: IV25085013
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.