11798-11800 White Avenue
Adelanto, CA
Status:
Sold
Close of Escrow: 08/04/2017
Total Number of Units: 20
Year Built: 1980
Sale Price: $750,000
Price per Unit: $37,500
Price per Square Foot: $80.34
CAP Rate: 8.56%
GRM: 5.24
Downpayment: $225,000
Net Operating Income: $64,185
Rentable Square Feet: 10,580
Lot Size: 0.822 Acres
Unit Type
1Bdr 1Bath
No. of Units
20
Le Investment group was pleased to represent both the Buyer and Seller on 11798-11800 White Avenue in Adelanto, CA. The White Avenue Apartments are situated on two lots in the city of Adelanto, CA. Together the two lots equate to approximately 0.82 acres totaling 20 units; which are composed of all 1 bedroom / 1 bath units. The property has had a recent fire which has resulted in a significant price reduction and presents a great value add opportunity for investors.
