Adelanto 6-Units

Le Investment Group is proud to present a six-unit multifamily investment opportunity at 12069 Chamberlaine Way in Adelanto. Built in 1983, the property consists of three single-story residential buildings totaling approximately 3,824 rentable square feet on approximately 0.42 acres. The unit mix includes two one-bedroom/one-bath units averaging about 550 square feet and four two-bedroom/one-bath units averaging about 675 square feet. Current scheduled rental income is approximately $94,200 annually, compared with approximately $99,600 at analyzed market rents, which gives room to grow revenue as rents move toward market. At the listed $840,000 purchase price, the property offers a 6.72% current CAP rate and a 7.28% pro forma CAP rate. The property sits near the Southern California Logistics Airport, a 5,000+ acre aviation and industrial hub supporting employers such as Boeing, General Atomics, GE Aviation and Keurig Dr Pepper. That makes this a strong chance to own workforce housing in the growing Victor Valley/High Desert market.