11246 ChapparalAdelanto, CA 92301

Description

This attractive 6-unit apartment offers a lucrative investment opportunity. Composed of 2 separate buildings, Each building made up of 3 units and each unit consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure parking but also adds to the overall value of the property. In an area where parking can often be a challenge, this amenity sets these apartments apart from the competition. The potential for increased rental income is an exciting aspect of this investment. The current market rents stand at $10,200 (Projected Gross), offering room for upside potential. This potential for growth in rental income is particularly appealing, given the property's strategic location. Situated near a Logistics Airport and the newly established Amazon Distribution Center, Snapple, Boeing, plus many more increase the demand for housing in the area is likely to remain strong, contributing to a stable tenant pool. It's worth noting that the Section 8 Local Payment Standards dictate rents at $1769. This provides a level of stability in rental income, as these standards are typically reliable and consistent. This could be an advantage in terms of securing consistent rental income, even in fluctuating market conditions. Overall, this 6-unit apartment complex presents a compelling opportunity for an investor like you. The combination of well-designed units, convenient amenities, potential for increased rental income, and strategic location near key transportation hubs and employers make this property an attractive addition to your portfolio.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1987

Stories

1

Building area

5,616 Sq Ft

Lot size

0.46 acres

Parking spaces

4

Days on market

365

MLS^® Listing#

CV25229320

Property Features

Cooling

Central Air

Heating

Forced Air

Laundry

Inside

Fencing

Chain Link

Construction

Stucco

Roof

Shingle

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Water source

Public

Parcel number

0459611080000

Directions

North on 395, West on Chamberlaine Wy, North onBellflower, West on Chapparal