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Matt O'Brien

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

$ 840,000

Est. payment | -/mo

3 Beds

2 Baths

0.42 Acres Lot

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$ 840,000

Est. payment | -/mo

Save

3 Beds

2 Baths

0.42 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 IV26222697

Bedrooms 3

Lot Size 0.420 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent six-unit multifamily investment opportunity located at 12069 Chamberlaine Way in Adelanto, CA. Offered at $840,000 ($140,000 per unit), the property features an attractive 6.72% current CAP rate with upside to a 7.28% pro forma CAP rate. Built in 1983, the property consists of three single-story buildings totaling approximately 3,824 rentable square feet on a 0.42-acre lot. The desirable unit mix includes four 2-bedroom/1-bath units and two 1-bedroom/1-bath units. All units have been remodeled, new roof and new driveway installed recently. Additional features include onsite parking, and tenant-paid gas and electricity, helping minimize operating expenses. Conveniently located near Highway 395, Interstate 15, and Southern California Logistics Airport, providing access to major employment centers throughout the Victor Valley. An attractive opportunity to acquire an established income-producing multifamily property with rental upside and long-term investment potential.

Location

State CA

County San Bernardino

Zoning Public Rec

Direction From Highway 395, head east on Chamberlaine Way. Continue to 12069 Chamberlaine Way. Property will be on your right.

Interior

Fireplace No

Exterior

Utilities Available Septic Installed

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 0459161590000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by DARREN CORREA, DRE#02066621 LE INVESTMENT GROUP

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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12069 Chamberlaine Adelanto, CA 92301