11895 White Avenue, Adelanto, California 92301, Adelanto, 92301 - 0 bed, 0 bath
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Adelanto, California 92301
Following a recent price reduction, this Triplex Investment Asset is listed at $495,000, offering a stable entry into the growing High Desert rental market. The price aligns with the $457,099 Fair Market Value given the property's significant Value-Add Potential and established income streams. Currently maintaining a Condition Rating of 4, the asset features three 2-bedroom units with a projected 6.76% pro forma CAP rate and a 9.75 pro forma GRM. This property, featuring distant mountain views, is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11895 White Avenue Subject | $495,000* List Price | 0 | 0 | 2,414 | $185 | - |
A 18610 Casaba Rd Sold | $415,000 | 0 | 0 | 1,768 | $235 | 1.0 mi |
B 11389 Lee Active | $439,900 List Price | 0 | 0 | 2,736 | $161 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1979, making it 45 years old. While the interior appears clean with consistent tile flooring, the kitchen features dated white appliances, basic cabinets with missing doors under the sink, and laminate countertops. The bathrooms also show dated vanities and fixtures. Cooling is provided by inefficient window AC units, indicating a lack of central HVAC. The overall condition suggests the property is aged but maintained, requiring minor to moderate updates to modernize the kitchen, bathrooms, and cooling systems to meet current standards and maximize rental potential.
Explicitly positioned as an 'excellent triplex investment opportunity' with potential for 'reliable cash flow and long-term appreciation' in a growing market.
Offers a clear path to increase profitability by raising rents to market rates, projecting a pro forma CAP rate of 6.76% from a current 5.71%.
Located in the 'growing High Desert rental market,' suggesting favorable conditions for tenant demand and future rent growth.
Built in 1979, the property is over 40 years old, which may indicate a need for significant capital expenditures for system updates (HVAC, plumbing, electrical) or cosmetic renovations to maximize rental income.
The description lacks details regarding the current condition or recent upgrades of the individual units, suggesting that additional investment might be required to achieve the projected market rents and attract higher-quality tenants.
While growing, the High Desert market can have unique economic drivers and tenant demographics that may present specific management challenges or market volatility not typically found in more established urban centers.
****Price Reduction****Presenting 11895 White Ave—an excellent triplex investment opportunity in the growing High Desert rental market. Priced at $525,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 5.71% current CAP rate, this property provides the potential to push to a 6.76% pro forma CAP with minor rent adjustments. The pro forma GRM is 9.75, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,414 | 2,414 | 50% |
| Lot Size | 9,147 | 8,687 | 80% |
| Price | $495.0K | $495.0K | 50% |
| Price per sq ft | $205 | $195 | 60% |
| Built year | 1979 | 1984 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 415 | 415 | 80% |
Jan 6, 2026
$495,000
$525,000
-6% Price Drop
Initial Listing
Sep 3, 2025
$525,000
Initial Listing
Apr 17, 2025
$480,000
Initial Listing