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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 439,900

Est. payment | -/mo

6 Beds

4 Baths

1.14 Acres Lot

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$ 439,900

Est. payment | -/mo

Save

6 Beds

4 Baths

1.14 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26113769

Bedrooms 6

Lot Size 1.140 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Investor Alert: Immediate cash flow with massive pro-forma upside and development flexibility. This 4-unit income property sits on a flat, usable 1.14-acre lot in Adelanto, featuring rare Mixed-Use (MU) zoning that opens the door for future expansion, higher-density residential additions, or a live-work commercial play. The Units & Income Potential:Unit 1 (3BR/1BA): Vacant. Light rehab completed April 2026. Move-in ready. (Projected Market Rent: $2089). Unit 2 (1BR/1BA): Vacant. Light rehab completed April 2026. Move-in ready. (Projected Market Rent: $1194). Unit 3 (1BR/1BA): Vacant and rental-ready. (Projected Market Rent: $1194). Unit 4 (1BR/1BA): Occupied. Current rent is $680, well below market value. Value-Add & Property Features: Utilities: Separate electric and gas meters (keeps landlord utility expenses low). Shared water/trash. Property functions on a septic system. The Lot: Over 1 full acre of flat, usable land under highly flexible Mixed Use (MU) zoning. Includes a detached garage ideal for an ADU conversion or ample yard space for adding more income-generating units (buyer to verify permitted expansion uses with City of Adelanto). Property sold strictly AS-IS. Seller strongly prefers Cash or 1031 Exchange for a fast close, but will consider strong conventional financing. Information deemed reliable but not guaranteed; buyer to verify all details.

Location

State CA

County San Bernardino

Zoning Assessor

Direction North on 395 Hwy, West on Bartlett Ave, North on Delicious St, West on Lee ave

Interior

Cooling Swamp Cooler(s)

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 0459253110000

Acceptable Financing Cash, Conventional, Exchange, VA

Listing Terms Cash, Conventional, Exchange, VA

Listed by Victorea Aguila, DRE#02340663 West Capital Real Estate

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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11389 Lee Adelanto, CA 92301