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Listed by DARREN CORREA, DRE #02066621 • LE INVESTMENT GROUP
$ 495,000
Est. payment | /mo
6 Beds
3 Baths
2,414 SqFt
$ 495,000
Est. payment | /mo
6 Beds
3 Baths
2,414 SqFt
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 CRIV25114926
Bedrooms 6
Full Baths 3
Year Built 1979
Lot Size 9,000 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
****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.
Location
State CA
County San Bernardino
Area Adl - Adelanto
Zoning R-3
Interior
Cooling Window / Wall Unit
Fireplaces Type None
Laundry None
Exterior
Pool None
Building
Story One Story
Sewer Septic Tank / Pump
Water District - Public
Others
Tax ID 0459152440000
Special Listing Condition Not Applicable
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Jim Black
Chief Lending Officer : Founder License ID: NMLS633511/1065732 DRE02089890