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11389 Lee Avenue

Adelanto, CA 92301
  • $599,990
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: IG24211166
UPDATED: 54 min ago
$599,990
  • 0
    BEDS
  • 1.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Nicholas Barnes of Homesmart Realty (909-322-2283) and Jason Inman of California Life Properties, Inc(760-678-0018)


Description

Attention First-Time Investors and Portfolio Builders!Welcome to your next investment opportunity at 11389 Lee Ave, nestled in the vibrant High Desert of Southern California! This fourplex property offers a rare combination of versatility, income potential, and possible expansion opportunities -perfect for savvy investors or owner-occupants looking to maximize their portfolio.Property Highlights: Three Structures on Over an Acre of Land! --Front Duplex: Two 1-bed, 1-bath units at approximately 600 sq. ft. each. --Back Duplex: One 1-bed, 1-bath unit at 600 sq. ft. and a spacious 3-bed, 1-bath unit at 960 sq. ft. --Detached Garage: Ideal for tenant storage or parking, or possibly convert into an Accessory Dwelling Unit (ADU)? --Renovated & Move-In Ready Units: Two units have been recently renovated and are ready for immediate occupancy, offering a turn-key opportunity for investors or owner-occupants. Endless Possibilities for Investors: House-Hack Opportunity: Live in one unit while renting out the other three to offset your mortgage and build equity. --Maximize Rental Income: Rent out all four units for steady cash flow. --Room to Expand: With just over an acre of land, this property offers endless possibilities for upgrades or expansions, or maybe add an Accessory Dwelling Units (ADUs) or additional structures to maximize rental income and property value. Additional Features: --Prime Location: Close to local amenities, schools, and major highways, making it an attractive option for tenants. --High-Demand Rental Market: Located in the growing High Desert area, where rental properties are in constant demand.This property is more than just a fourplex"its a wealth-building opportunity with room to grow. With its competitive new pricing, this one offers flexibility, potential, and a strategic location thats perfect for your next investment. Call today to schedule a tour! Dont miss your chance to secure this incredible property!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T16:34:18.76. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/156653654
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11389 Lee Avenue Adelanto, CA 92301

  • Price: $599,990
  • Status: Active
  • On Site: 157 Days
  • Updated: 54 min ago
  • MLS #: IG24211166
0
Beds
0
Baths
0
½ Baths
1.14
Acres
1956
Built
Neighborhood:
ADL - Adelanto
County:
San Bernardino
Area:
ADL - Adelanto
Property Description
Attention First-Time Investors and Portfolio Builders!Welcome to your next investment opportunity at 11389 Lee Ave, nestled in the vibrant High Desert of Southern California! This fourplex property offers a rare combination of versatility, income potential, and possible expansion opportunities -perfect for savvy investors or owner-occupants looking to maximize their portfolio.Property Highlights: Three Structures on Over an Acre of Land! --Front Duplex: Two 1-bed, 1-bath units at approximately 600 sq. ft. each. --Back Duplex: One 1-bed, 1-bath unit at 600 sq. ft. and a spacious 3-bed, 1-bath unit at 960 sq. ft. --Detached Garage: Ideal for tenant storage or parking, or possibly convert into an Accessory Dwelling Unit (ADU)? --Renovated & Move-In Ready Units: Two units have been recently renovated and are ready for immediate occupancy, offering a turn-key opportunity for investors or owner-occupants. Endless Possibilities for Investors: House-Hack Opportunity: Live in one unit while renting out the other three to offset your mortgage and build equity. --Maximize Rental Income: Rent out all four units for steady cash flow. --Room to Expand: With just over an acre of land, this property offers endless possibilities for upgrades or expansions, or maybe add an Accessory Dwelling Units (ADUs) or additional structures to maximize rental income and property value. Additional Features: --Prime Location: Close to local amenities, schools, and major highways, making it an attractive option for tenants. --High-Demand Rental Market: Located in the growing High Desert area, where rental properties are in constant demand.This property is more than just a fourplex"its a wealth-building opportunity with room to grow. With its competitive new pricing, this one offers flexibility, potential, and a strategic location thats perfect for your next investment. Call today to schedule a tour! Dont miss your chance to secure this incredible property!
Exterior Features

Carport Spaces 0 Entry Level 1 Entry Location 1 Lot Features Lot Over 40000 Sqft Number Of Separate Electric Meters 4 Open Parking Spaces 10 Parking Features None Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 6.1 Common Interest None Community Features Suburban Exclusions seller and tenants personal property Garage YN Yes Gross Income 21120 Gross Scheduled Income 21120 Insurance Expense 2252 Land Lease YN No Laundry Features In Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 12194 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 8926 Other Expense 3363 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Trash Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T16:34:18.76. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373477632-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373477632-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373477632-2.jpg
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Nicholas Barnes of Homesmart Realty (909-322-2283) and Jason Inman of California Life Properties, Inc(760-678-0018)