11895 White Avenue, Adelanto, CA 92301
List Price: $495K
Listing Status: ActiveUnderContract
Original List Price: $525K
0Days on Market: 340
6 Bedrooms · 3 Bathrooms · 2,414 sq ft
Property Type: Residential
Year Built: 1979
Lot Size: 9,000 sq ft
Private Pool: Yes
MLS Number: IV25114926
About This Property
****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. 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.
Listing provided by: DARREN CORREA DRE #02066621 909-256-7889 darren.correa@leinvestmentgroup.com, LE INVESTMENT GROUP
Source: CRMLS, MLS #: IV25114926
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.