12037 Lee Ave, Adelanto, California 92301, Adelanto, 92301 - 3 bed, 2 bath
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Adelanto, California 92301
This Versatile Residential Asset is listed at $324,900, currently positioned above the $262,845 Fair Market Value. The property’s primary value is driven by its 10,500 sqft Lot—over four times the living area—and a functional bonus addition featuring a Separate Entrance for rental income. While maintaining a Condition Rating of 4, the 1926-built structure offers Stone Countertops and mature landscaping within the Adelanto High School District. This strategic "house-hack" is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage the additional unit for financial flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12037 Lee Ave Subject | $324,900* List Price | 3 | 2 | 936 | $282 | - |
A 12090 Lee Avenue Sold | $297,000 | 3 | 1 | 1,044 | $284 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, the property has undergone some cosmetic updates including newer laminate flooring, fresh paint, and stone countertops in the kitchen. However, the home retains many dated features such as wall-mounted heating units, older window styles, and basic bathroom fixtures. While the property is maintained and functional, it lacks a comprehensive modern renovation of its core systems and structural layout, fitting the criteria for an aged but habitable home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10500, living area = 936.
The property features a bonus addition with a private room, restroom, and separate entrance, making it an excellent candidate for rental income or multi-generational living.
Situated on a generous 10,500 sq ft lot, the property offers significant outdoor space for expansion, ADU potential, or extensive vehicle parking.
Built in 1926, the property may require significant updates to electrical, plumbing, and structural components to meet modern building codes and efficiency standards.
At only 936 sq ft for a three-bedroom configuration, the interior living areas and bedrooms may feel undersized for larger families or modern furniture.
The recent price reduction from the original list price suggests the property may have faced initial resistance, potentially due to its condition or the need for immediate repairs.
Great Investment Opportunity or Perfect for First-Time Buyers! This charming home offers 3 bedrooms and 2 bathrooms, plus a bonus addition at the back featuring a private room and restroom with its own separate entrance — ideal for guests, rental income, or multi-generational living. Situated on a spacious 10,500 sq ft lot, the property provides ample parking and is surrounded by mature trees, offering both privacy and shade. Don’t miss out on this versatile property with plenty of potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 936 | 1,583 | 5% |
| Lot Size | 10,500 | 7,490 | 87% |
| Price | $324.9K | $390.0K | 14% |
| Price per sq ft | $347 | $253 | 97% |
| Built year | 1926 | 1997 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 224 | 199 | 63% |
Nov 26, 2025
$324,900
$349,900
-7% Price Drop
Initial Listing
Sep 10, 2025
$349,900
Initial Listing