11398 BartlettAdelanto, CA 92301
San Bernardino County
Description
Excellent investment opportunity in Adelanto! This 16-space mobile home park, situated on over 2.5 acres, offers immediate cash flow with a 6.63% current cap rate and a projected pro forma of 8%+. The property features a value-add potential with space to add 3 to 4 more units. Sale includes all mobile home trailers, with three units recently remodeled. Additionally, the site includes an on-site commercial building with a steady income from a bakery tenant. Significant recent upgrades include a newly improved septic system (2024). All leases are month-to-month, providing maximum flexibility for rent increases and management. Ideally located with easy access to Hwy 395.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Stories
- 1
- Building area
- 108,900 Sq Ft
- Lot size
- 2.50 acres
- Days on market
- 162
- MLS® Listing#
- PW26090078
Property Features
- Laundry
- None
- Water source
- Private
- Parcel number
- 0459254060000
Directions
North on Bartlett Ave from CA-18. Property on the right, between Aster Rd and US-395.
Listing Courtesy: Coldwell Banker Best Realty - 714-909-4433
Presented by: Kyungae Yoon and Esther Lee
Licensed in the state of California.
