11895 White Avenue, Adelanto, California 92301, Adelanto, 92301 - 6 bed, 3 bath
ACTIVE$525,000
11895 White Avenue, Adelanto, California 92301
6Beds
3Baths
2,414Sqft
9,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Triplex: The property is a triplex, offering a clear income-generating asset with multiple revenue streams, ideal for investors seeking consistent cash flow.
Top Cons:
Property Age: Built in 1979, the property is over four decades old, potentially requiring updates to major systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations.
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: The property was built in 1979, making it 45 years old. The exterior images reveal a dated appearance and the presence of multiple window air conditioning units, indicating a lack of central HVAC, which is a significant outdated feature. The listing description explicitly identifies the property as a 'value-add opportunity' with 'potential for capital expenditures' and lists 'property age' as a weakness, all suggesting that updates are necessary to achieve market rents. While no interior images are provided to assess kitchens, bathrooms, or flooring directly, the overall age and the explicit need for updates strongly imply that the interior components are functional but outdated and would benefit from renovation. The property does not appear to have significant structural defects that would classify it as 'Poor', but it is clearly not 'Good' or 'Excellent' due to its age and lack of modern amenities.
Year Built
1979
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
$217
HOA
-
Days on market
-
Sold On
-
MLS number
IV25114926
Home ConditionFair
Features
Good View:
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 offers 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
The property was built in 1979, making it 45 years old. The exterior images reveal a dated appearance and the presence of multiple window air conditioning units, indicating a lack of central HVAC, which is a significant outdated feature. The listing description explicitly identifies the property as a 'value-add opportunity' with 'potential for capital expenditures' and lists 'property age' as a weakness, all suggesting that updates are necessary to achieve market rents. While no interior images are provided to assess kitchens, bathrooms, or flooring directly, the overall age and the explicit need for updates strongly imply that the interior components are functional but outdated and would benefit from renovation. The property does not appear to have significant structural defects that would classify it as 'Poor', but it is clearly not 'Good' or 'Excellent' due to its age and lack of modern amenities.
Pros & Cons
Pros
Investment Triplex: The property is a triplex, offering a clear income-generating asset with multiple revenue streams, ideal for investors seeking consistent cash flow.
Value-Add Opportunity: Explicitly identified potential to increase the CAP rate from 5.71% to a projected 6.76% through minor rent adjustments, indicating significant upside for investors.
Strong Cash Flow Metrics: Features a competitive current CAP rate of 5.71% and a projected pro forma CAP rate of 6.76%, appealing to cash flow-focused investors.
Growing Rental Market: Located in the 'growing High Desert rental market,' suggesting sustained tenant demand and potential for long-term appreciation.
Versatile Unit Configuration: Comprises three 2-bedroom, 1-bath units, a highly sought-after layout for rental properties, appealing to a broad tenant base.
Cons
Property Age: Built in 1979, the property is over four decades old, potentially requiring updates to major systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations.
Potential for Capital Expenditures: Achieving the projected pro forma rents and maintaining competitiveness may necessitate capital investment for unit upgrades or addressing deferred maintenance.
Rent Adjustment Dependency: The higher pro forma CAP rate relies on successful implementation of rent increases, which could lead to tenant turnover or require strategic management.