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18000 Pearmain Street, Adelanto, CA

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18000 Pearmain Street

Adelanto, CA 92301-1741 - Outer San Bernardino County MF Submarket

Property Type:Multi-Family Number of Units:15 Status:Existing Year Built:1986
Stories:2 Building Size:11,928 SF Land Area:.3 AC (13,068 SF)
For Sale Price:$998,000 Price/Unit:$66,533.33 Cap Rate:8.13 % GRM:8.43

Parking:3.19 Parking Spaces / 1,000 SF

Location Corner: NW

Property Description: Multi Family - 19 Units

Sale Notes:
100% occupied. 19 apartment units, located on the corner of Pearmain St.,and Aztec Ln. near the city center, school board, post off., parks. All units were recently rehabbed in 2011/12 with capitol improvements, to include, new plumbing, wiring, roofs, stucco, painting, exterior/interior, on sep meters. All units are 1 br.1 bth. master br. has extra large closet, can be a childs br. Features some with patio's & 38 parking spaces with 22 covered.Well maintained units, lots of common area, west of Victorville, in well established area. On site laundry room. No rent control. Pride of Ownership. Low rents, with possible upside potential. Attractively priced, $52,526 a unit. Possible additions. Easy & attractive English Tudor Look can be added, economically.

Located off of Adelanto Rd., and Hwy 395 near the old George Air Force Base, now known as Southern California International Airport, presently shipping and receiving, near Adelanto Park and a few blocks to popular, Richardson Park. Also, located close to the City's of Victorville/Palmdale/Apple Vly. 34,728 population in 2014.

Coldwell Banker Commercial NRT
John Faire
(626) 821-1239

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