11389 Lee Avenue

Adelanto, CA 92301

$649,990
Price
6
Beds
4
Baths
2,736 Sq. Ft.
$238 / Sq. Ft.
2,736
Sq. Ft.
$238
per Sq. Ft.

Description

ATTENTION: First time investors and portfolio builders! This is your opportunity to own a fourplex with huge potential. So many options with this property, as you could occupy one unit while renting the other 3, or just rent all 4! This property has 3 structures: 2 duplexes, and 1 detached garage. The front structure has 2 units, 1bed/1bath at 600sqft each, the back structure features a 1bed/1bath at 600sqft, and a 3bed/1bath at 960sqft! There is a detached garage that could be utilized for tenant...ATTENTION: First time investors and portfolio builders! This is your opportunity to own a fourplex with huge potential. So many options with this property, as you could occupy one unit while renting the other 3, or just rent all 4! This property has 3 structures: 2 duplexes, and 1 detached garage. The front structure has 2 units, 1bed/1bath at 600sqft each, the back structure features a 1bed/1bath at 600sqft, and a 3bed/1bath at 960sqft! There is a detached garage that could be utilized for tenant storage or parking! The 2 vacant units have been renovated and are move in ready! And check out the size of this lot, at just over an acre! This huge lot gives you many upgrade options to maximize your investment! This property has loads of potential, call today!
  1. Listed by NICHOLAS BARNES • DRE #01979357 • Brokerage DRE #01941348 • CALIFORNIA LIFE PROPERTIES • 760-646-5149
  2. Listed by Jason Inman • DRE #02048426 • Brokerage DRE #01941348 • California Life Properties, Inc

Property Details for 11389 Lee Avenue

Parking Spaces Total
12
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2736
Assessor Parcel Number
0459-253-11-0000
Property Attached YN
true
LISTING UPDATED: 10/11/2024 11:34 PM

Property Details for 11389 Lee Avenue

StatusActive
MLS #IG24211166
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size1.14 AC / 49,658 SF
CountySan Bernardino County

Building Information for 11389 Lee Avenue

Stories1Residences-Year Built1956Building Size-Lot Size1.14 AC / 49,658 SF

Property Information for 11389 Lee Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $21,120
  • Gross Scheduled Income: $21,120
  • Net Operating Income: $12,194
  • Cap Rate: 6.1
Expense Details
  • Operating Expense: $8,926
  • Insurance Expense: $2,252
  • Professional Management Expense: $3,312
  • Other Expense: $3,363
  • Other Expense Description: all util
  • Trash Expense: $0
  • Total Expenses: $8,926
Tax / Assessment Info
  • Tax Tract Number: 9116/2
  • Tax Census Tract: 91.31
  • CFD/Mello-Roos Fee: $202
  • Tax Lot: 33
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Kitchen
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot Over 40000 Sqft
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $615
  • Unit Type Total Rent: $615
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $980
  • Unit Type Total Rent: $980
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 11389 Lee Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11389 Lee Avenue

Taxable ValueLand$91,800Additions$358,938Total$450,738
Tax Record2024$5,135 ($428 / month)
Home Facts
Total Finished SqFt2,736 SqFtAbove Grade Finished SqFt2,736 SqFtLot Size49,658 SqFtStyleQuadraplexYear Built1956CountySAN BERNARDINOAPN0459-253-11-0000

Schools near 11389 Lee Avenue

This home is within Victor Valley Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Westside Park Elementary School
PublicK to 5

Mesa Linda Middle School
Public6 to 8

Adelanto High School
Public9 to 12

Taylion High Desert Academy
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11389 Lee Avenue is a multi-family home for sale in Adelanto, CA 92301. This property was listed for sale on October 10, 2024 by CALIFORNIA LIFE PROPERTIES, it's currently listed at $649,990. It has been on the market for a total of 43 days and was last sold on April 28, 2023. This listing's school districts are Victor Valley Union High School District, Adelanto Elementary School District. Nearby schools include Westside Park Elementary School, Mesa Linda Middle School and Adelanto High School. 11389 Lee Avenue is a 6-bed, 4-bath, 2,736 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CALIFORNIA LIFE PROPERTIES, NICHOLAS BARNES, DRE #01979357; California Life Properties, Inc, Jason Inman, DRE #02048426

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.