11389 Lee Ave., Adelanto, California 92301, Adelanto, 92301 - bed, bath
ACTIVE$475,000$2,736/sqft
11389 Lee Ave., Adelanto, California 92301
0Bed
0Bath
2,736Sqft
49,658Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Income Potential: As a quadruplex (Residential Income property), it offers multiple revenue streams, making it an attractive asset for investors seeking consistent rental income and cash flow.
Top Cons:
Aging Infrastructure: The 1956 construction year suggests that major systems (plumbing, electrical, roofing, HVAC) are likely original or significantly aged, potentially requiring substantial capital expenditure for upgrades and repairs to meet modern standards.
Compared to the nearby listings
Price:$475.0K vs avg $570.0K ($-95,000)40%
Size:2,736 sqft vs avg 2,736 sqft50%
Price/sqft:$174 vs avg $19520%
More Insights
Built in 1956 (70 years old).
Condition: Built in 1956, this quadruplex exhibits significant aging infrastructure. The kitchens are very dated with old white cabinets, basic appliances, and older countertops. While some areas show newer laminate flooring and windows, other sections retain very old vinyl tile, indicating piecemeal, non-extensive updates. The concrete block walls and exposed beam ceilings contribute to a utilitarian, unfinished aesthetic. Major systems (plumbing, electrical, HVAC) are likely original or significantly aged, requiring substantial capital expenditure for upgrades and rehabilitation to meet modern standards, as highlighted in the property analysis.
Year Built
1956
Close
-
List price
$475K
Original List price
$475K
Price/Sqft
$174
HOA
-
Days on market
-
Sold On
-
MLS number
OC25277983
Home ConditionPoor
Features
View-
About this home
V
Victorea Aguila
Listing Agent
Price History
Date
Event
Price
04/27/23
Sold
$442,000
02/28/14
Sold
$125,000
12/14/07
Sold
$310,000
Condition Rating
Poor
Built in 1956, this quadruplex exhibits significant aging infrastructure. The kitchens are very dated with old white cabinets, basic appliances, and older countertops. While some areas show newer laminate flooring and windows, other sections retain very old vinyl tile, indicating piecemeal, non-extensive updates. The concrete block walls and exposed beam ceilings contribute to a utilitarian, unfinished aesthetic. Major systems (plumbing, electrical, HVAC) are likely original or significantly aged, requiring substantial capital expenditure for upgrades and rehabilitation to meet modern standards, as highlighted in the property analysis.
Pros & Cons
Pros
Significant Income Potential: As a quadruplex (Residential Income property), it offers multiple revenue streams, making it an attractive asset for investors seeking consistent rental income and cash flow.
Expansive Lot Size: The substantial 49,658 sqft lot provides ample space, offering potential for outdoor amenities, privacy, or even future development opportunities (subject to local zoning regulations).
Favorable Price Point for Multi-Unit: At a list price of $475,000, this quadruplex presents a relatively accessible entry point into multi-family real estate investment, especially considering the large lot size.
Long-Term Investment Value: Multi-unit properties in developing areas like Adelanto can offer strong long-term appreciation potential and serve as a hedge against inflation for investors.
Established Structure: Built in 1956, the property has stood the test of time, potentially indicating solid foundational construction, though systems may require updating.
Cons
Aging Infrastructure: The 1956 construction year suggests that major systems (plumbing, electrical, roofing, HVAC) are likely original or significantly aged, potentially requiring substantial capital expenditure for upgrades and repairs to meet modern standards.
High Maintenance Demands: As an older multi-unit property, it will likely require ongoing and potentially costly maintenance, repairs, and active property management to ensure tenant satisfaction and property upkeep.
Adelanto Market Specifics: While offering affordability, the Adelanto market may present specific challenges related to tenant demand, rental rates, and property appreciation compared to more established or higher-demand urban centers, and the desert climate can be a factor for tenants.