Lee Ave Apartments
Type: Multifamily
11941 Lee Ave Adelanto, CA 92301
Total Number of Units: 9
Year Built: 1982
Sale Price: $1,500,000
Price per Unit: $166,667
Price per Square Foot: $163.40
CAP Rate: 6.72%
GRM: 9.16
Downpayment: $750,000
Net Operating Income: $100,774
Rentable Square Feet: 9,180
Lot Size: 0.89
Unit Type
2B2B
3B2B
No. of Units
6
3
Le Investment Group is proud to present The Lee Ave Apartments at 11941 Lee Ave. Adelanto, CA—Located in the thriving High Desert region, Lee Ave Apartments presents a prime investment opportunity in Adelanto’s expanding rental market. This 9-unit apartment complex, built in 1982, spans approximately 0.89 acres and offers a well-balanced mix of spacious units. The property features six 2-bedroom,2-bathroom units, each equipped with a single-car garage, and three 3-bedroom, 2-bathroom units, appealing to a variety of tenants. The complex provides scenic desert and mountain views, complemented by easy access to major transportation routes and local amenities. With separate gas and electric meters for each unit, utility management is straight forward. Situated in a city known for its pro-business policies and robust economic growth, this property offers excellent potential for consistent cash flow and long-term appreciation.
