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11389 Lee Avenue, Adelanto, California 92301, Adelanto, 92301 - bed, bath

11389 Lee Avenue, Adelanto, California 92301 home-pic-0
ACTIVE$569,000
11389 Lee Avenue, Adelanto, California 92301
0Bed
0Bath
2,736Sqft
49,658Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Fourplex: The property is a four-unit income property, providing immediate rental income and diversification for investors.
Top Cons:
Property Age & Partial Upgrades: Built in 1956, with only two units upgraded and two with newer windows, suggesting potential for deferred maintenance or older systems in the remaining units.

Compared to the nearby listings

Price:$569.0K vs avg $489.5K (+$79,500)50%
Size:2,736 sqft vs avg 2,392 sqft50%
Price/sqft:$208 vs avg $20650%

More Insights

Built in 1956 (69 years old).
Condition: Built in 1956, this property is 68 years old. While the listing states 'Two units have been Upgraded' and '2 Units have Newer Windows,' the images reveal a significant disparity in condition. One unit (Image 6) shows a very old, dated kitchen with worn flooring, indicating a need for substantial rehabilitation. Even in the 'upgraded' units (Image 4), visible cracking on the ceiling/walls suggests underlying issues or significant age. The property is marketed for 'Value-Add Opportunities,' confirming it requires substantial repairs and rehabilitation beyond minor updates to bring all units to a desirable standard. The overall condition, with half the units being very outdated and signs of wear in the 'upgraded' ones, aligns with the 'Poor' category.
Year Built
1956
Close
-
List price
$569K
Original List price
$569K
Price/Sqft
$208
HOA
-
Days on market
-
Sold On
-
MLS number
HD25093146
Home ConditionPoor
Features
Good View:
View-

About this home

**Fantastic Investment Opportunity!** Own a 4 Unit Income Property on over 1+ Acre of Land in the Expanding High Desert Market!**This Fourplex Features Three 1-bedroom, 1-bathroom units (approx. 600 SqFt each) and one spacious 3-bedroom, 1-bathroom unit (approx. 960 SqFt). Front Duplex: Two 1-bedroom, 1-bathroom units. Back Duplex: One 1-bedroom, 1-bathroom unit, plus a spacious 3-bedroom, 1-bathroom unit. Solid Masonry Construction Ensures Lasting Durability and Lower Maintenance. Two units have been Upgraded, 2 Units have Newer Windows. Ample Parking on this Large 1 Acre Lot along with A detached 3-car garage that Provides Additional tenant Storage or Potential for Future ADU Conversion (buyer to verify). Situated on a flat 1-acre lot, this property offers ample room for Expansion or Development of Additional Units (buyer to verify with city). Ideal for investors seeking Value-Add Opportunities or Owner-Occupants Looking to House-Hack while Building Equity. Conveniently located near Schools, Shopping, and HWY 395, this property is in a High-Demand Rental Area!!

Condition Rating
Poor
Built in 1956, this property is 68 years old. While the listing states 'Two units have been Upgraded' and '2 Units have Newer Windows,' the images reveal a significant disparity in condition. One unit (Image 6) shows a very old, dated kitchen with worn flooring, indicating a need for substantial rehabilitation. Even in the 'upgraded' units (Image 4), visible cracking on the ceiling/walls suggests underlying issues or significant age. The property is marketed for 'Value-Add Opportunities,' confirming it requires substantial repairs and rehabilitation beyond minor updates to bring all units to a desirable standard. The overall condition, with half the units being very outdated and signs of wear in the 'upgraded' ones, aligns with the 'Poor' category.
Pros & Cons

Pros

Income-Generating Fourplex: The property is a four-unit income property, providing immediate rental income and diversification for investors.
Expansive 1+ Acre Lot: A large 1+ acre flat lot offers significant potential for future expansion, development, or adding additional units.
Value-Add & Development Potential: Ideal for investors seeking value-add opportunities, including potential ADU conversion and development of additional units (buyer to verify).
Durable Construction: Solid masonry construction ensures lasting durability and potentially lower long-term maintenance costs.
Strategic Location & Market Demand: Conveniently located near schools, shopping, and HWY 395 in an expanding High Desert market with high rental demand.

Cons

Property Age & Partial Upgrades: Built in 1956, with only two units upgraded and two with newer windows, suggesting potential for deferred maintenance or older systems in the remaining units.
Buyer Verification Required: Multiple mentions of 'buyer to verify' for ADU conversion and expansion imply significant due diligence and potential hurdles with city regulations.
Smaller Unit Sizes: Three of the four units are 1-bedroom, 1-bathroom at approximately 600 sqft each, which may be considered small by some tenants or limit rental rate potential.

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