11211 La Habra Ave - Apartments FOR SALE


Adelanto, CA 92301
$7,680,000 USD
714-423-3819
11211 La Habra Ave, Adelanto, CA for Sale
$7,680,000 USD
Apartments - FOR SALE
1/14
null | 7.03% Cap Rate

11211 La Habra Ave
Adelanto, CA 92301


HIGHLIGHTS

  • ProForma CAP Rate of 7.03% With a ProForma GRM of 9.20.ProForma CAP Rate is Based on Leveling Off Current Rents.
  • Attractive Current CAP Rate of 6.13% With a Current GRM of 10.57
  • Roughly $350,000 in Capital Improvements.
  • Pride Of Ownership, Absolute Turn Key, Financeable Asset.
  • Ample Onsite Covered Parking & Private Patios for Tenants
  • California High-Speed Rail (planned): Expected to pass nearby, potentially reducing travel time between Adelanto and major urban centers.

OVERVIEW

The Desert Oasis Apartments are located on the corner lot of La Habra Avenue and Bellflower Street. This single story apartment building is placed on a 2.03-acre lot and is composed of (24) 1 Bedroom, 1 Bath units and (24) 2Bedroom, 1 Bath Units. The tenants are provided with secure onsite covered parking as well as access to the laundry facilities. Current ownership has invested $350k in capital improvements, including but not limited to installing new flooring, applying fresh paint, upgrading water heaters and A/C units, and constructing a retaining wall on the west side of the property.

FOR SALE DETAILS

PRICE

$7,680,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

48

PRICE/UNIT

$160,000

CAP RATE

7.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Oasis

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

R3, Adelanto

APN/PARCEL ID

0459-073-21

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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

Anthony LeLe Investment GroupMore Info
714-423-3819

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