11398 Bartlett Ave - Specialty FOR SALE


Adelanto, CA 92301
$1,500,000 USD
949-878-5060
11398 Bartlett Ave, Adelanto, CA for Sale
$1,500,000 USD
Specialty - FOR SALE
1/86
null | 6.6% Cap Rate

NEW


11398 Bartlett Ave
Adelanto, CA 92301


HIGHLIGHTS

  • Dual-Asset Income Stream: Stable 16-space mobile home park combined with an on-site commercial bakery.

OVERVIEW

### Investment Highlights * High-Yield Asset: Features a strong 6.63% current cap rate with a projected pro forma CAP rate of 8%+. * Value-Add Potential: Spacious 2.51-acre lot offers additional space to add 3 to 4 more mobile home units to maximize rental income. * Stable Cash Flow: Sale includes all 16 mobile home trailers (with 3 recently remodeled). * Additional Commercial Income: Features an on-site commercial building fully leased to an established bakery tenant, providing steady, diversified revenue. * Strategic Infrastructure Updates: Significant property improvements include a newly upgraded septic system completed in 2024. * Management Flexibility: All tenant leases are currently month-to-month, allowing immediate flexibility for rental adjustments and optimized property management. ### Location Overview Ideally positioned with quick and convenient access to Highway 395 in Adelanto. This property represents a turnkey, high-yield opportunity with significant upside potential in a steadily growing market. Perfect for 1031 exchange investors looking for immediate cash flow and future growth.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$2,459 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,335 SF

ZONING

C-2

APN/PARCEL ID

0459-254-06

ASK ABOUT THIS PROPERTY

Esther LeeColdwell Banker Best RealtyMore Info
949-878-5060

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Esther LeeColdwell Banker Best RealtyMore Info
949-878-5060

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