11389 Lee Ave Adelanto, CA 92301
Adelanto AreaEstimated payment $2,874/month
Highlights
- Gated Parking
- Beamed Ceilings
- Living Room
- 1.14 Acre Lot
- Evaporated cooling system
- Ceiling Fan
About This Home
Investor Alert: In-place income with massive pro forma upside and development flexibility. This 4-unit income property sits on a flat, usable 1.14-acre lot in Adelanto, featuring rare Mixed-Use (MU) zoning that opens the door for future expansion, higher-density residential additions, or a live-work commercial play. The Units & Income Potential: Unit 1 (3BR/1BA): Vacant, light rehab completed April 2026, move-in ready (projected market rent $2,089). Unit 2 (1BR/1BA): Vacant, light rehab completed April 2026, move-in ready (projected market rent $1,194). Unit 3 (1BR/1BA): Vacant and rental-ready (projected market rent $1,194). Unit 4 (1BR/1BA): Occupied at $680/month, well below market. Projected rents are estimates, not guarantees. Value-Add & Property Features: Separate electric and gas meters keep landlord utility expenses low; shared water/trash; septic system. Over 1 full acre of flat, usable land under flexible MU zoning, plus a detached garage ideal for a potential ADU conversion or room for additional income-generating units — buyer to verify all permitted uses and expansion potential with the City of Adelanto. Property sold strictly AS-IS. Seller prefers cash or 1031 exchange for a fast close but will consider strong conventional financing. Investor summary, rent roll & pro forma, NHD report, and third-party zoning analysis available in MLS supplements. Information deemed reliable but not guaranteed; buyer to verify all.
Listing Agent
West Capital Real Estate Brokerage Phone: 626-664-3561 License #02340663 Listed on: 05/27/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956 | Remodeled
Lot Details
- 1.14 Acre Lot
- Two or More Common Walls
- Wood Fence
- Chain Link Fence
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
- Driveway
- Gated Parking
- Unpaved Parking
- Off-Street Parking
Home Design
- Quadruplex
- Entry on the 1st floor
- Flat Roof Shape
- Slab Foundation
- Pre-Cast Concrete Construction
Interior Spaces
- 2,736 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Ceiling Fan
- Window Screens
- Living Room
- Vinyl Flooring
- Washer and Gas Dryer Hookup
Kitchen
- Gas Range
- Microwave
- Freezer
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Evaporated cooling system
- Wall Furnace
- Natural Gas Connected
- Septic Type Unknown
- Sewer Not Available
Listing and Financial Details
- Assessor Parcel Number 0459253110000
- $899 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 1 Leased Unit
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,674
- Trash Expense $2,664
- Water Sewer Expense $1,200
- Operating Expense $12,274
- Gross Income $68,052
- Net Operating Income $52,376
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,497 | $468,948 | $95,509 | $373,439 |
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/27/2026 05/27/26 | For Sale | $439,900 | -0.2% | $161 / Sq Ft | |
| 04/28/2023 04/28/23 | Sold | $441,000 | -2.0% | $161 / Sq Ft | View Prior Sale |
| 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Old Republic Title | |
| Grant Deed | $442,000 | Old Republic Title | |
| Grant Deed | $125,000 | Fidelity National Title Co | |
| Grant Deed | $310,000 | United Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $353,520 | New Conventional | |
| Previous Owner | $121,718 | FHA | |
| Previous Owner | $122,735 | FHA | |
| Previous Owner | $248,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26113769
APN: 0459-253-11
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.
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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