11211 La Habra Ave - Apartments FOR SALE


Adelanto, CA 92301
$6,995,000 USD
714-423-3819
11211 La Habra Ave, Adelanto, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/21
null | 7.01% Cap Rate

11211 La Habra Ave
Adelanto, CA 92301


HIGHLIGHTS

  • Strong In-Place 7.01% CAP Rate with Upside to 8.09% Pro Forma
  • Recent Capital Improvements Exceeding $350,000
  • 48-Unit Multifamily Community on ±2.03 Acres
  • Balanced Unit Mix of 24 One-Bedroom & 24 Two-Bedroom Units
  • Located in an Opportunity Zone with Long-Term Growth Potential
  • Near Southern California Logistics Airport, Highway 395 & I-15 Employment Corridors

OVERVIEW

Desert Oasis Apartments is a 48-unit, single-story multifamily community situated on approximately 2.03 acres in Adelanto, CA. The property features a balanced mix of 24 one-bedroom and 24 two-bedroom units, covered parking, private patios, onsite laundry, and fully fenced grounds. Recent capital improvements exceeding $350,000 have enhanced the property's condition and tenant appeal. Strong in-place income, significant rental upside, and proximity to major employment centers, Highway 395, Interstate 15, and the Southern California Logistics Airport make this an attractive value-add investment opportunity in the growing High Desert market.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

48

PRICE/UNIT

$145,729

CAP RATE

7.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Oasis

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

R3, Adelanto

APN/PARCEL ID

0459-073-21

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Anthony LeLe Investment GroupMore Info
714-423-3819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.