11895 White Avenue, Adelanto, California 92301, Adelanto, 92301 - bed, bath
ACTIVE$525,000
11895 White Avenue, Adelanto, California 92301
0Bed
0Bath
2,414Sqft
9,147Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Triplex Investment Opportunity: The property is explicitly marketed as an excellent triplex investment, offering three distinct units for diversified income generation.
Top Cons:
Age of Property: Built in 1979, the property is over 40 years old, which may imply a need for updates to major systems (HVAC, plumbing, electrical) or general renovations to maintain competitiveness and maximize rents.
Compared to the nearby listings
Price:$525.0K vs avg $467.5K (+$57,500)50%
Size:2,414 sqft vs avg 2,231 sqft50%
Price/sqft:$217 vs avg $21150%
More Insights
Built in 1979 (46 years old).
Condition: Built in 1979, this triplex is 45 years old and shows its age. The property features multiple window AC units, indicating a lack of central HVAC, and the interior image reveals dated ceramic tile flooring. While functional and seemingly maintained, it lacks modern updates in key areas like cooling/heating and likely kitchens/bathrooms (no images provided for these). The listing description as a 'value-add opportunity' further suggests that significant cosmetic and system updates are needed to enhance comfort and appeal, aligning with the 'fair' condition criteria of being aged, functional, but requiring minor updates or repairs due to outdated components.
Year Built
1979
Close
-
List price
$525K
Original List price
$480K
Price/Sqft
$217
HOA
-
Days on market
-
Sold On
-
MLS number
IV25085013
Home ConditionFair
Features
View-
About this home
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.
Condition Rating
Fair
Built in 1979, this triplex is 45 years old and shows its age. The property features multiple window AC units, indicating a lack of central HVAC, and the interior image reveals dated ceramic tile flooring. While functional and seemingly maintained, it lacks modern updates in key areas like cooling/heating and likely kitchens/bathrooms (no images provided for these). The listing description as a 'value-add opportunity' further suggests that significant cosmetic and system updates are needed to enhance comfort and appeal, aligning with the 'fair' condition criteria of being aged, functional, but requiring minor updates or repairs due to outdated components.
Pros & Cons
Pros
Triplex Investment Opportunity: The property is explicitly marketed as an excellent triplex investment, offering three distinct units for diversified income generation.
Strong Value-Add Potential: With a current CAP rate of 5.71% and a projected pro forma CAP of 6.76% through minor rent adjustments, there's clear upside for increased profitability.
Location in Growing Market: Situated in the 'growing High Desert rental market,' the property benefits from increasing demand and potential for long-term appreciation.
Multiple Income Streams: Three 2-bedroom, 1-bath units provide multiple income streams, reducing vacancy risk compared to a single-unit rental property.
Clear Path to Increased Cash Flow: The detailed financial projections (current vs. pro forma CAP rate and GRM) offer a transparent roadmap for investors to enhance cash flow.
Cons
Age of Property: Built in 1979, the property is over 40 years old, which may imply a need for updates to major systems (HVAC, plumbing, electrical) or general renovations to maintain competitiveness and maximize rents.
Under-Market Rents Require Management: Achieving the higher pro forma CAP rate requires active management to implement rent increases, which could involve tenant turnover or negotiation, adding to the initial workload for a new owner.
Potential for Renovation Costs: To truly capitalize on the 'value-add' potential and attract top-market rents, the units may require cosmetic or functional upgrades, adding to the initial investment beyond the purchase price.