11246 Chapparal Avenue
Adelanto, CA 92301
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1987 build
- – on site
This attractive 6-unit apartment offers a lucrative investment opportunity. Each of the six units consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure parking but also adds to the overall value of the property. In an area where parking can often be a challenge, this amenity sets these apartments apart from the competition. The potential for increased rental income is an exciting aspect of this investment. The current market rents stand at $9600, offering room for upside potential. This potential for growth in rental income is particularly appealing, given the property's strategic location. Situated near a Logistics Airport and the newly established Amazon Distribution Center, the demand for housing in the area is likely to remain strong, contributing to a stable tenant pool. Two of the units have been recently remodeled, adding a modern touch to the complex. This not only improves the aesthetic appeal but also suggests a commitment to maintaining the property's value over time. Additionally, the recent installation of a new air conditioning unit improves the overall comfort and desirability of the apartments, another attractive feature for potential tenants. It's worth noting that the Section 8 Local Payment Standards dictate rents at $1769. This provides a level of stability in rental income, as these standards are typically reliable and consistent. This could be an advantage in terms of securing consistent rental income, even in fluctuating market conditions. Finally, with a projected 8% Capitalization Rate (Cap) at market rents, this investment demonstrates strong potential for financial growth. This rate showcases the relationship between the property's net operating income and its market value, indicating a solid return on your investment. Overall, this 6-unit apartment complex presents a compelling opportunity for an investor like you. The combination of well-designed units, convenient amenities, potential for increased rental income, and strategic location near key transportation hubs and employers make this property an attractive addition to your portfolio.
Listed By CRMLS_CA / Francisco Perpuly / EXP REALTY OF CALIFORNIA INC / 951-888-0307
Last checked:
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Last updated May 1, 2024
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MLS# CV23163237 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/1/24
May 1, 2024
|
Pending | CRMLS_CA | $950,000 | |
8/31/23
Aug 31, 2023
|
Listed / Active | CRMLS_CA | $950,000 | 35.7% (23.3% / YR) |
2/17/22
Feb 17, 2022
|
CRMLS_CA | $700,000 | 3.7% |