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11895 White Ave 3 Unit Apartment Building $679,596 CAD ($226,532 CAD/Unit) 6.70% Cap Rate Adelanto, CA 92301
Investment Highlights
- Strong Value-Add Opportunity with projected cap rate growth from 6.70% to 7.88% through continued rental increases.
- Strong in-place cash flow with current annual NOI of approximately $32,811.
- Favorable Residential Financing Available for Qualified Buyers
- Recent Unit Renovations with updated interiors designed to enhance tenant appeal and newly constructed Carport providing covered parking.
- RUBS Program in Place, allowing for utility cost reimbursement and improved operating efficiency.
- Ideal opportunity for investors seeking stable cash flow with additional rental upside in the growing High Desert market.
Executive Summary
Le Investment Group is pleased to present 11895 White Avenue, a well-maintained triplex investment opportunity in Adelanto, California. The property consists of three spacious 2-bedroom, 1-bath units totaling approximately 2,414 rentable square feet on a 0.21-acre lot. Recent unit renovations, newly constructed carport, and a RUBS program already in place position the asset for continued income growth. Investors will benefit from strong in-place cash flow with additional rental upside, while owner-users may take advantage of favorable residential financing options. This offering presents an excellent opportunity to acquire a stabilized asset with value-add potential in the growing High Desert market.
Property Facts
| Price | $679,596 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $226,532 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.70% | Building Size | 2,414 SF |
| Gross Rent Multiplier | 9.73 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1979 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $679,596 CAD |
| Price Per Unit | $226,532 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 9.73 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,414 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 790 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0459-152-44 | Improvements Assessment | $76,198 CAD |
| Land Assessment | $17,318 CAD | Total Assessment | $93,515 CAD |
Property Taxes
Parcel Number
0459-152-44
Land Assessment
$17,318 CAD
Improvements Assessment
$76,198 CAD
Total Assessment
$93,515 CAD
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11895 White Ave
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