11941 Lee Ave Adelanto, CA 92301
Estimated payment $9,359/month
About This Home
Situated in the rapidly growing High Desert region, 11941 Lee Ave offers a compelling investment opportunity in Adelanto’s expanding rental market. This well-maintained 9-unit apartment complex, built in 1982, sits on 0.89 acres and features a diverse unit mix catering to a wide range of tenants. The property includes six 2-bedroom, 2-bathroom units, each with a private garage, and three 3-bedroom, 2-bathroom units, providing ample living space. Residents enjoy scenic desert and mountain views, along with convenient access to major highways, shopping, and local amenities. With separately metered gas and electric, utility expenses are easily managed. Located in a business-friendly city with strong economic growth, this property presents an excellent opportunity for steady rental income and long-term appreciation. DRIVE BY ONLY - DO NOT DISTURB TENANTS
Listing Agent
LE INVESTMENT GROUP Brokerage Phone: 714-310-2840 License #02066621 Listed on: 03/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1982
Lot Details
- 0.89 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 9 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 9,180 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- Unit 1 Bathroom: 0
- Unit 2 Bathroom: 0
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 18 / A
- Tax Tract Number 1914
- Assessor Parcel Number 0459163040000
- $1,138 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 9 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,234
- Fuel Expense $3,234
- Insurance Expense $6,876
- Professional Management Expense $6,635
- Trash Expense $3,234
- Water Sewer Expense $3,234
- Operating Expense $54,721
- Gross Income $163,680
- Net Operating Income $100,775
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/03/2025 03/03/25 | For Sale | $1,500,000 | +100.0% | $163 / Sq Ft | |
| 10/05/2018 10/05/18 | Sold | $750,000 | -6.1% | $379 / Sq Ft | View Prior Sale |
| 08/13/2018 08/13/18 | Pending | -- | -- | -- | |
| 06/05/2018 06/05/18 | For Sale | $799,000 | -- | $404 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25046378
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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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