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Listed by DARREN CORREA • LE INVESTMENT GROUP
$495,000
Est. payment /mo
2,414 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,414 sqft
Price per Sqft $205
MLS Listing ID IV-25085013
Year Built 1979
Lot Size 9,147 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
****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.
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Laundry None
Exterior
Pool None
Community Features Rural
Building
Lot Description 0-1 Unit/Acre
Sewer Conventional Septic
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900