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11211 La Habra Ave
Adelanto, CA 92301

$7,680,000 USD

Apartments For Sale • 28,728 SF

Property Details

Property Type Apartments
Total Building Size 28,728 SF
Lot Size 2.03 AC
Building Class C
Year Built 1988
Cap Rate 7.03 %
Zoning R3, Adelanto

0 Transit Score

13 Walk Score

                
                    Highlights
                
                                ProForma CAP Rate of 7.03% With a ProForma GRM of 9.20.ProForma CAP Rate is Based on Leveling Off Current Rents.
                            
                                Attractive Current CAP Rate of 6.13% With a Current GRM of 10.57
                            
                                Roughly $350,000 in Capital Improvements.
                            
                                Pride Of Ownership, Absolute Turn Key, Financeable Asset. 
                            
                                Ample Onsite Covered Parking & Private Patios for Tenants
                            
                                California High-Speed Rail (planned): Expected to pass nearby, potentially reducing travel time between Adelanto and major urban centers.

Financial Summary (Proforma)

Net Operating Income: $540,002 USD (2024)

Cap Rate:	7.03 %
Total Expenses:	$260,038 USD

Amenities

Air Conditioning
Laundry Facilities
Property Manager on Site
Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
Victorville Amtrak (Southwest Chief - Amtrak)	14 min	-	9.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes

Anthony Le 909-256-7889 Le Investment Group

11211 La Habra Ave Adelanto, CA 92301