
Adelanto, California 92301
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $375,000—positioned above the $319,031 Fair Market Value. While priced above the current estimate, the asset delivers a stable 6.00% CAP rate with 6.47% Pro Forma upside. Featuring a Fair Condition Rating and newer HVAC systems, the property offers immediate rental income with minimal mechanical risk. The attached single-car garages and functional duplex configuration ensure long-term tenant appeal. This is a strategic acquisition for Buy-and-Hold Investors or Income-Focused Portfolios seeking reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18511 New Hampshire Subject 0 bd · 0 ba · 1,768 sqft · $180 | $375,000* List Price | 0 | 0 | 1,768 | $180 | - |
A 11006 Cortez Sold 4 bd · 2 ba · 1,767 sqft · $161 · 0.9 mi | $285,000 | 4 | 2 | 1,767 | $161 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 42-year-old property falls into the Fair category due to its age. While the exterior appears dated, the listing notes it is well-maintained and features a newer HVAC system, indicating it is functional but likely needs minor cosmetic updates.
The property offers a solid 6.00% current CAP rate with a 6.47% Pro Forma upside, providing immediate cash flow and attractive rental growth potential for investors.
Each unit features a newer HVAC system for central heating and air conditioning, significantly reducing the likelihood of near-term capital expenditures for major mechanicals.
Two attached single-car garages provide separate, secure parking and storage for each unit, enhancing tenant privacy and increasing the property's overall marketability.
Each two-bedroom unit contains only one bathroom, which may limit appeal for certain tenant profiles compared to more modern 2-bedroom, 2-bathroom configurations.
Constructed in 1984, the property may require more frequent maintenance or future cosmetic modernization to sustain its competitive edge in the local rental market.
Well maintained duplex offering strong in-place income and low operating expenses. Each unit features 2 bedrooms and 1 bathroom, along with a newer HVAC system providing central heating and air conditioning. Two attached single car garages provide separate garage space for each unit and additional privacy between the residences. Functional layout and straightforward duplex configuration make for efficient property management. Current income reflects a 6.00% CAP rate, with a 6.47% Pro Forma CAP rate based on market rents. Excellent opportunity for an investor seeking immediate income with additional rental upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,768 | 3,224 |
| Lot Size | 8,040 | 7,102 |
| Price | $375.0K | $528.8K |
| Price per sq ft | $212 | $182 |
| Built year | 1984 | 1985 |
| HOA | $0 | $0 |
| Days on market | 31 | 50 |
Sep 23, 2026
$375,000
Initial Listing
Aug 7, 2018
$170,000
Public Record
Feb 24, 2016
$90,000
Public Record
Jun 26, 2002
$60,000
Public Record