11389 Lee, Adelanto, California 92301, Adelanto, 92301 - 0 bed, 0 bath
Loading property details...
11389 Lee
Adelanto, California 92301
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,736Sq Ft
27,300Lot Size
Property Price
LIST PRICE$399,999
EST. MARKET VALUE
$439,900
SUMMARY
This 4-unit Strong Value Opportunity is listed at $439,900—positioned well below the $476,238 Fair Market Value by 7%. This valuation gap offers $36,338 in Instant Equity. Featuring Mixed-Use (MU) zoning and a 1.14-acre lot, the property provides significant development flexibility. While the Fair Condition Rating reflects its 1956 construction, the recent light rehabs and separate utility meters enhance immediate cash flow. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to maximize long-term rental yield and expansion potential.
Estimated Market Value
$439,900
Based on Realkey algorithm analyzing recent comparable sales in Adelanto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11389 Lee Subject 0 bd · 0 ba · 2,736 sqft · $161 | $399,999* List Price | 0 | 0 | 2,736 | $161 | - |
A 11895 White Avenue Active 0 bd · 0 ba · 2,414 sqft · $203 · 0.6 mi | $490,000 List Price | 0 | 0 | 2,414 | $203 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is a 1956 build that underwent a 'light rehab' in early 2026. While the interiors feature fresh paint and new laminate flooring making them move-in ready, the overall structure remains a dated cinder block construction. The exterior, detached garage, and septic system reflect the property's 70-year age, placing it in the Fair category despite the recent cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property features a massive 1.14-acre flat lot with rare Mixed-Use (MU) zoning, providing significant flexibility for adding higher-density residential units, ADUs, or commercial live-work spaces.
- Immediate Value-Add Opportunity
With three units currently vacant—two of which received light renovations in 2026—investors can immediately capture market-rate rents to significantly increase cash flow over the current under-market occupied unit.
- Favorable Utility Configuration
Separate electric and gas meters for each unit minimize landlord utility expenses and simplify property management, directly enhancing the net operating income for the investor.
CONSRISKS & DEFICIENCIES
- As-Is Condition and Age
Built in 1956 and sold strictly as-is, the property may require significant capital expenditure for deferred maintenance or upgrades to aging infrastructure and systems.
- Infrastructure Constraints
The property operates on a septic system rather than a public sewer, which could complicate or increase the cost of future high-density development and expansion plans.
About 11389 Lee
Priced at $399,999, about $100K per door. This 4-plex sits on 0.63 acres (approx. 27,300 sq ft) with Mixed-Use (MU) zoning. Two units were lightly rehabbed in 2026, and the detached garage has ADU potential. Projected gross rent is about $5,157/month (about $62K/year), with Unit 4 at its current rent. Unit mix: - Unit 1: 3BR/1BA, light rehab 2026, projected $2,089 - Unit 2: 1BR/1BA, light rehab 2026, projected $1,194 - Unit 3: 1BR/1BA, projected $1,194 - Unit 4: 1BR/1BA, currently $680 (below market) Electric and gas are separately metered; water and trash are shared, and the property is on septic. Any signed leases convey. Sold as-is; seller will not make repairs. The NHD report and a third-party zoning analysis are in the supplements. Buyer to verify all figures, zoning and expansion potential. Projected rents are estimates.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1956
- Lot Size
- 27,300 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,736 | 3,224 |
| Lot Size | 27,300 | 7,102 |
| Price | $400.0K | $528.8K |
| Price per sq ft | $146 | $182 |
| Built year | 1956 | 1985 |
| HOA | $0 | $0 |
| Days on market | 150 | 50 |
Pricing History
Listed for Sale
Oct 15, 2026
$399,999
$439,900
-9% Price Drop
Initial Listing
Price Change
May 27, 2026
$439,900
Initial Listing
Sold
Apr 27, 2023
$442,000
Public Record
Sold
Feb 28, 2014
$125,000
Public Record
Sold
Dec 14, 2007
$310,000
Public Record