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12023 Chamberlaine Way 10 Unit Apartment Building $2,512,656 CAD ($251,266 CAD/Unit) 6.33% Cap Rate Adelanto, CA 92301
INVESTMENT HIGHLIGHTS
- 10 Units across Five Single-Story Duplexes
- Tenant Paid Utilities and Low Expense Ratio
- Stabilized asset with Rental Upside
- Current CAP Rate of 6.33%. Pro Forma CAP Rate of 6.83%
- Nearly 1 Acre of land combined - offering ample parking and future repositioning potential
- Attractive Residential Financing Available
EXECUTIVE SUMMARY
Le Investment Group is pleased to present an exciting opportunity to acquire a 10-unit portfolio located across five separately parceled duplexes in Adelanto, CA. Constructed in 1982, these single-story, low-maintenance properties spans nearly one acre and offers an attractive mix of 2-bedroom, 1-bathroom units, each approximately 900 square feet. The properties are currently operating with a 6.33% CAP rate and offer immediate rental upside with market rents supporting a pro forma CAP of 6.83%. With tenants paying utilities, a stable rent roll, and straight forward management, this portfolio offers an excellent opportunity for investors seeking strong in-place cash flow with long-term appreciation in one of the High Desert’s fastest-growing rental markets.
PROPERTY FACTS
| Price | $2,512,656 CAD | Lot Size | 0.95 AC |
| Price Per Unit | $251,266 CAD | Building Size | 9,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.33% | No. Stories | 1 |
| No. Units | 10 | Year Built | 1982 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | MF - Multi-Family | ||
| Price | $2,512,656 CAD |
| Price Per Unit | $251,266 CAD |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1982 |
| Tenancy | Single |
| Parking Ratio | 1.11/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi-Family |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 900 |
1 1
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12023 Chamberlaine Way
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