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About the Listing OC15306 - OCAGUIVIC
Investor Alert: Immediate cash flow with massive pro-forma upside and development flexibility. This 4-unit income property sits on a flat, usable 1.14-acre lot in Adelanto, featuring rare Mixed-Use (MU) zoning that opens the door for future expansion, higher-density residential additions, or a live-work commercial play. The Units & Income Potential:Unit 1 (3BR/1BA): Vacant. Light rehab completed April 2026. Move-in ready. (Projected Market Rent: $2089). Unit 2 (1BR/1BA): Vacant. Light rehab completed April 2026. Move-in ready. (Projected Market Rent: $1194). Unit 3 (1BR/1BA): Vacant and rental-ready. (Projected Market Rent: $1194). Unit 4 (1BR/1BA): Occupied. Current rent is $680, well below market value. Value-Add & Property Features: Utilities: Separate electric and gas meters (keeps landlord utility expenses low). Shared water/trash. Property functions on a septic system. The Lot: Over 1 full acre of flat, usable land under highly flexible Mixed Use (MU) zoning. Includes a detached garage ideal for an ADU conversion or ample yard space for adding more income-generating units (buyer to verify permitted expansion uses with City of Adelanto). Property sold strictly AS-IS. Seller strongly prefers Cash or 1031 Exchange for a fast close, but will consider strong conventional financing. Information deemed reliable but not guaranteed; buyer to verify all details.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
OC26113769
Year Built
1956
Total Square Footage
2,736
Lot/Acreage
1.14
County
San Bernardino
Area
ADL - Adelanto
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: Freezer, Gas Range, Microwave, Refrigerator
- Air Cond: Evaporative Cooling
- Heating: Wall Furnace
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Beamed Ceilings,Ceiling Fan(s),Unfurnished,Bedroom on Main Level,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Flat
- Others: Updated/Remodeled,Block,Concrete,2+ Total Units
- Sewer: Septic Type Unknown
- Parking Features: Driveway,Gated,On Site,Off Street,Unpaved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 0459253110000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
11389 Lee Adelanto, CA 92301
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