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Regal Real Estate and Financial Services
12069 Chamberlaine, Adelanto, CA 92301
- $840,000
- List Price
- $840,000
- Status
- ACTIVE
- MLS#
- IV26222697
- Year Built
- 1983
- Lot Size
- 18,295
- Acres
- 0.42
- Lot Location
- 6-10 Units/Acre, Yard
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Septic Tank
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $94,200
- Operating Expense
- 33986
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.