11895 White Avenue, Adelanto, California 92301, Adelanto, 92301 - 6 bed, 3 bath
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Adelanto, California 92301
This Income-Producing Triplex serves as a strategic asset listed at $495,000, positioned near its $471,469 Fair Market Value. The property currently generates a 6.12% Current CAP Rate with a projected 7.23% Pro Forma CAP following minor rent adjustments. With a Condition Rating of 4, the three 2-bedroom units offer significant Value-Add Potential through interior modernization. Located in the growing High Desert market with a recent price reduction, this property provides reliable cash flow and long-term appreciation for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11895 White Avenue Subject | $495,000* List Price | 6 | 3 | 2,414 | $205 | - |
A 11986 White Avenue Active | $429,000 List Price | 4 | 3 | 1,653 | $260 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this property is 45 years old. The exterior images show a functional but dated appearance, with multiple window AC units indicating outdated cooling systems rather than central HVAC. While the windows appear to be updated, there are no interior images to assess the condition of kitchens, bathrooms, flooring, or other internal features. Given the age and the 'value-add opportunity' mentioned in the description, it's highly probable that the interiors, especially kitchens and bathrooms, are original or have only received minor, older updates, showing signs of being outdated. The property is livable and income-producing, but requires minor updates to modernize and maximize rental potential.
The property is explicitly presented as an 'excellent triplex investment opportunity' in a growing rental market, offering diversified income streams from three units.
With a current CAP rate of 6.12% and a pro forma potential of 7.23% with minor rent adjustments, the property offers attractive cash flow prospects for investors.
Located in the 'growing High Desert rental market,' suggesting potential for continued demand, rent growth, and long-term appreciation.
Built in 1979, the property is over 40 years old, which may imply older systems, potential for deferred maintenance, or the need for future capital expenditures to modernize units.
Achieving the projected 7.23% CAP rate and higher gross income relies on 'minor rent adjustments,' indicating the need for active property management to raise rents to market rates, which can involve tenant turnover or negotiation.
While growing, the High Desert market (Adelanto) may present specific challenges related to tenant demographics, economic stability, or appreciation rates compared to more established or diverse urban rental markets.
****Price Reduction****Presenting 11895 White Ave—an excellent triplex investment opportunity in the growing High Desert rental market. Priced at $495,000, 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 6.12% current CAP rate, this property offers the potential to push to a 7.23% 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 | 6.0 | 4.0 | 60% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,414 | 2,414 | 50% |
| Lot Size | 9,000 | 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 | 380 | 380 | 60% |
Jan 6, 2026
$495,000
Initial Listing
May 22, 2025
$525,000
Initial Listing