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18335-18355 Montezuma St
Adelanto, CA 92301
North Pointe · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Within a five minute drive of a shopping center!
- Near Hwy 395 for easy access throughout the Inland Empire
- Adelanto has low vacany rates.
Executive Summary
The Ubaldo Company brings to market a well kept 48 unit apartment complex in the growing city of Adelanto, California. The apartment consists of a unit mix of (14) 2bed/1bath, (33) 1bed/1bath, and (1) Studio. The building was constructed in 1986 and the overall building square footage is approx 27,888 according to public records. The tenant parking is gated and has covered parking with carports. The complex is one story and sits on a lot approx 96,702 square feet or 2.22 acres. This apartment is conveniently located within a five minute drive of a shopping center named "Adelanto Marketplace" that consists of stores such as Stater Bros Markets, Starbucks, US Bank, Del Taco, Bakin Robbins Ice Cream, Denny's, Bank of America, Chase Bank, Little Caesars Pizza, Carl's Jr, KFC, Walmart, Panda Express, Dollar Tree, Wingstop, Walgreens, Lee's Schwab Tires, Chipotle, Mc Donalds and many more!
Property Facts
| Price Per Unit | $209,574 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.22 AC |
| Cap Rate | 6.15% | Building Size | 27,888 SF |
| Gross Rent Multiplier | 9.86 | No. Stories | 1 |
| No. Units | 48 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1.42/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price Per Unit | $209,574 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Gross Rent Multiplier | 9.86 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 27,888 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 1.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 550 |
| 2+1 | 14 | - | 650 |
| Studios | 1 | - | 450 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,320,213 CAD | |
| Land Assessment | $158,924 CAD | Total Assessment | $2,479,138 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$158,924 CAD
Improvements Assessment
$2,320,213 CAD
Total Assessment
$2,479,138 CAD
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