12023 Chamberlaine Way - Apartments FOR SALE


Adelanto, CA 92301
$1,800,000 USD
714-423-3819
12023 Chamberlaine Way, Adelanto, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/16
null | 6.33% Cap Rate

12023 Chamberlaine Way
Adelanto, CA 92301


HIGHLIGHTS

  • 10 Units across Five Single-Story Duplexes
  • Current CAP Rate of 6.33%. Pro Forma CAP Rate of 6.83%
  • Tenant Paid Utilities and Low Expense Ratio
  • Nearly 1 Acre of land combined - offering ample parking and future repositioning potential
  • Stabilized asset with Rental Upside
  • Attractive Residential Financing Available

OVERVIEW

Le Investment Group is pleased to present an exciting opportunity to acquire a 10-unit portfolio located across five separately parceled duplexes in Adelanto, CA. Constructed in 1982, these single-story, low-maintenance properties spans nearly one acre and offers an attractive mix of 2-bedroom, 1-bathroom units, each approximately 900 square feet. The properties are currently operating with a 6.33% CAP rate and offer immediate rental upside with market rents supporting a pro forma CAP of 6.83%. With tenants paying utilities, a stable rent roll, and straight forward management, this portfolio offers an excellent opportunity for investors seeking strong in-place cash flow with long-term appreciation in one of the High Desert’s fastest-growing rental markets.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

10

PRICE/UNIT

$180,000

CAP RATE

6.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,361 SF

ZONING

MF

APN/PARCEL ID

0459-161-53,0459-161-54,0459-161-55,0459-161-56,0459-161-57

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

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