NOT LISTED FOR SALE

11389 Lee Ave Adelanto, CA 92301

Estimated Value: $465,000 - $482,000

6 Beds
4 Baths
2,736 Sq Ft
$173/Sq Ft Est. Value

Sale Details

Date Sold: April 28, 2023

Last sale price $441,000 $161 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,952 / mo

201 Days on Market

About This Home

As of April 2023

Don't miss an opportunity to own income property in the growing city of Adelanto. . This fourplex consists of 3-1 bedroom, 1 bathroom units and 1- 3 bedrooms, 1 bathroom unit. The lot is over an acre with potential to build another building. Long term tenants all paying under market rent which there is room to increase rents. Sold as-is.

Last Agent to Sell the Property

Luis Cano

Coldwell Banker Envision License #01507497 Listed on: 08/27/2022

Coldwell Banker Envision

Last Buyer's Agent

Adam Reifer

COMPASS License #02013465

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 1.14 Acre Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage

Home Design

  • 2,736 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 9116
  • Assessor Parcel Number 0459253110000
  • $326 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $100
  • Operating Expense $100
  • Gross Income $38,460
  • Net Operating Income $37,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

1.14 Acres

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 0459253110000
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 161.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Septic Type Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 49658.00
  • Lot Size Acres: 1.1400

Multi Family

  • Gross Income: 38460.00
  • Gross Scheduled Income: 38460.00
  • Lot Size Area: 49658.0000 Square Feet
  • Net Operating Income: 37260.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 100.00

Tax Info

  • Tax Census Tract: 91.31
  • Tax Lot: 33
  • Tax Tract Number: 9116/2
  • TaxOtherAnnualAssessmentAmount: 326.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2022
Closed on
May 15, 2023
Sold by
Sy Quyen Chi
Bought by
High Desert Hideaway Llc
Seller's Agent
Luis Cano
Coldwell Banker Envision
Buyer's Agent
Adam Reifer
COMPASS
List Price
$449,900
Sold Price
$441,000
Premium/Discount to List
-$8,900
-1.98%
Views
544
Current Estimated Value
$473,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,574
Avg. Annual Appreciation
2.42%

Purchase Details

Listed on
Aug 27, 2022
Closed on
Mar 7, 2023
Sold by
Mak Kathy
Bought by
Sy Quyen Chi
Seller's Agent
Luis Cano
Coldwell Banker Envision
Buyer's Agent
Adam Reifer
COMPASS
List Price
$449,900
Sold Price
$441,000
Premium/Discount to List
-$8,900
-1.98%
Views
544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,520
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2013
Closed on
Feb 28, 2014
Sold by
Tirmazi Haseen Z and Rizvi Kashif Z
Bought by
Mak Kathy
Seller's Agent
Tom Griffey
RE/MAX TIME REALTY
Buyer's Agent
Luis Cano
Coldwell Banker Envision
List Price
$99,000
Sold Price
$125,000
Premium/Discount to List
$26,000
26.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.74%
Original Mortgage
$122,735
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2007
Sold by
Kotob Mohammad T and Kotob Fozie
Bought by
Tirmazi Haseen Z and Rizvi Kashif Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
High Desert Hideaway Llc -- Old Republic Title
Sy Quyen Chi $442,000 Old Republic Title
Mak Kathy $125,000 Fidelity National Title Co
Tirmazi Haseen Z $310,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sy Quyen Chi $353,520
Previous Owner Mak Kathy $122,735
Previous Owner Tirmazi Haseen Z $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2023 04/28/23 Sold $441,000 -2.0% $161 / Sq Ft
08/27/2022 08/27/22 For Sale $449,900 +259.9% $164 / Sq Ft
02/28/2014 02/28/14 Sold $125,000 +26.3% $46 / Sq Ft View Prior Sale
01/13/2014 01/13/14 Pending -- -- --
06/28/2013 06/28/13 For Sale $99,000 -- $36 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,497 $459,753 $93,636 $366,117
2024 $5,135 $450,738 $91,800 $358,938
2023 $1,675 $147,284 $11,783 $135,501
2022 $1,644 $144,396 $11,552 $132,844
2021 $1,742 $141,564 $11,325 $130,239
2020 $1,709 $140,113 $11,209 $128,904
2019 $1,698 $137,365 $10,989 $126,376
2018 $1,717 $134,672 $10,774 $123,898
2017 $1,667 $132,032 $10,563 $121,469
2016 $1,635 $129,443 $10,356 $119,087
2015 $1,575 $125,000 $10,000 $115,000
2014 $1,560 $125,000 $10,000 $115,000
Source: Public Records

Agents Affiliated with this Home

  • Luis Cano

    Seller's Agent in 2023

    Luis Cano

    Coldwell Banker Envision

    (909) 606-1299

    1 in this area

    30 Total Sales

    Luis Cano
    Section Image
  • Adam Reifer

    Buyer's Agent in 2023

    Adam Reifer

    COMPASS

    (951) 682-1133

    1 in this area

    81 Total Sales

    Adam Reifer
    Section Image

  • T

    Seller's Agent in 2014

    Tom Griffey

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22189160

California Regional Multiple Listing Service (CRMLS)

APN: 0459-253-11

California San Bernardino County Adelanto 92301

11389 Lee Ave, Adelanto, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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