11560 Sage Street

Adelanto, CA 92301

$699,999
Price
8
Beds
4
Baths
2,895 Sq. Ft.
$242 / Sq. Ft.
2,895
Sq. Ft.
$242
per Sq. Ft.

Description

High cash-flowing, multi-unit property that is fully tenanted. An incredible opportunity for someone looking to expand their real-estate portfolio. This property currently generates $63,132 / year, meaning gross rental income is 9.02% the price. That's a 7.51 cap rate on the $700,000 ask. There's even room for upside one of the units is currently $800 / mo; you could live in it and make $59,748 per year, or charge market rates and get an even higher cap rate. This is THE property for the high cash...High cash-flowing, multi-unit property that is fully tenanted. An incredible opportunity for someone looking to expand their real-estate portfolio. This property currently generates $63,132 / year, meaning gross rental income is 9.02% the price. That's a 7.51 cap rate on the $700,000 ask. There's even room for upside one of the units is currently $800 / mo; you could live in it and make $59,748 per year, or charge market rates and get an even higher cap rate. This is THE property for the high cash flow investor.
  1. Listed by Jason Hurst • DRE #02067523 • Brokerage DRE #01187406 • EGL Properties Incorporated

Property Details for 11560 Sage Street

Parcel Number
0459253070000
Total Units
4.0
Living Area
2895
Source Living Area
Vendor Enhanced
Area
Adelanto (ADL)
Vacancy Rate
0
Lot Size Area
10368
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 10/16/2024 10:03 AM

Property Details for 11560 Sage Street

StatusActive
MLS #24-399019
Days on Market167
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size0.24 AC / 10,368 SF
CountySan Bernardino County

Building Information for 11560 Sage Street

Stories-Residences-Year Built1985Building Size-Lot Size0.24 AC / 10,368 SF

Property Information for 11560 Sage Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Rentals
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $63,132
  • Net Operating Income: $4,379.00
  • Gross Income: $5,259
  • Cap Rate: 7.40%
  • Gross Rent Multiplier: $10.09
  • Actual Gross Annual Income: $63,132
  • Total Annual Expense: 1400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.238
  • Lot Size Square Feet: 10368
  • Lot Size Dimensions: 64x162
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car
  • Total Parking: 4
  • Parking Features: Garage - Single Door
Interior Features
Interior Features
  • Levels: One
  • Cooling: Evaporative Cooling
  • Cooling Type: Swamp Cooler(s)
  • Heating: Baseboard
  • Heating Type: Baseboard
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,342.00
  • Unit Actual Rent: $1,342.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,517.00
  • Unit Actual Rent: $1,517.00
  • Unit Projected Rent: $2,037.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $800.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $387,549.00
  • Assessed Improvement Percent: 94.9
  • Assessed Land Value: $20,808.00
  • Assessed Land Percent: 5.1
  • Assessed Total Value: $408,357.00

Property History for 11560 Sage Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 11560 Sage Street

Taxable ValueLand$21,224Additions$395,300Total$416,524
Tax Record2024$4,674 ($389 / month)
Home Facts
Total Finished SqFt2,895 SqFtAbove Grade Finished SqFt2,895 SqFtLot Size10,368 SqFtStyleQuadraplexYear Built1985CountySAN BERNARDINOAPN0459-253-07-0000

Schools near 11560 Sage Street

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

11560 Sage Street is a multi-family home for sale in Adelanto, CA 92301. This property was listed for sale on June 1, 2024 by EGL Properties Incorporated, it's currently listed at $699,999. It has been on the market for a total of 167 days and was last sold on July 10, 2020. 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. 11560 Sage Street is a 8-bed, 4-bath, 2,895 sqft multi-family home built in 1985.

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 EGL Properties Incorporated, Jason Hurst, DRE #02067523

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.