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Listed by Victorea Aguila, DRE #02340663 • West Capital Real Estate
$439,900
Est. payment /mo
1.14 Acres Lot
Active
11389 Lee Adelanto, CA 92301
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26113769
Year Built 1956
Lot Size 1.140 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Investor Alert: In-place income with massive pro forma upside and development flexibility. This 4-unit income property sits on usable 1.14-acre lot in Adelanto, featuring rare Mixed-Use (MU) zoning that opens the door for future expansion, higher-density residential additions, or a live-work commercial play. The Units & Income Potential: Unit 1 (3BR/1BA): Vacant, light rehab completed April 2026, sold as-is (projected market rent $2,089). Unit 2 (1BR/1BA): Vacant, light rehab completed April 2026, sold as-is (projected market rent $1,194). Unit 3 (1BR/1BA): Vacant and rental-ready (projected market rent $1,194). Unit 4 (1BR/1BA): Occupied at $680/month, well below market. Projected rents are estimates, not guarantees. Value-Add & Property Features: Separate electric and gas meters keep landlord utility expenses low; shared water/trash; septic system. Over 1 full acre of land under flexible MU zoning, plus a detached garage ideal for a potential ADU conversion or room for additional income-generating units - buyer to verify all permitted uses and expansion potential with the City of Adelanto. Property sold strictly AS-IS. Roof Seller prefers cash or 1031 exchange for a fast close but will consider strong conventional financing. Investor summary, rent roll & pro forma, NHD report,
Location
State CA
County San Bernardino
Area Adl - Adelanto
Rooms
Kitchen Freezer, Microwave, Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Evaporative Cooler
Laundry Gas Hookup, 30
Exterior
Parking Features Common Parking Area, Gate / Door Opener, Off-Street Parking, Other
Garage Spaces 2.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Story One Story
Foundation Concrete Slab
Water District - Public
Others
Tax ID 0459253110000
Special Listing Condition Not Applicable
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