$495,000
****Price Reduction****Presenting 11895 White Ave—an excellent triplex investment opportunity in the growing High Desert rental market. Priced at $495,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. Recent interior renovations and new car port roof conducted in April. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 6.12% current CAP rate, this property offers the potential to push to a 7.23% 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.
Listed by DARREN CORREA with LE INVESTMENT GROUP (909) 256-7889
Property Type
Triplex
Status
Active
MLS Number
IV25114926
Year Built
1979
Lot Size
8,999 sq ft
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11895 White Ave, Adelanto
Listed by DARREN CORREA with LE INVESTMENT GROUP
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