11389 Lee Ave

Adelanto CA 92301

27300 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

IN ESCROW BACKUP OFFERS WELCOME Seller remains open to competitive backup offers from qualified investors. Cash, conventional, or hard money preferred. Priced at $399,999, about $100K per door. This 4-plex sits on 0.63 acres (approx. 27,300 sq ft) with Mixed-Use (MU) zoning. Two units were lightly rehabbed in 2026, and the detached garage has ADU potential. Projected gross rent is about $5,157/month (about $62K/year), with Unit 4 at its current rent. Unit mix: - Unit 1: 3BR/1BA, light rehab 2026, projected $2,089 - Unit 2: 1BR/1BA, light rehab 2026, projected $1,194 - Unit 3: 1BR/1BA, projected $1,194 - Unit 4: 1BR/1BA, currently $680 (below market) Electric and gas are separately metered; water and trash are shared, and the property is on septic. Any signed leases convey. Sold as-is; seller will not make repairs. The NHD report and a third-party zoning analysis are in the supplements. Buyer to verify all figures, zoning and expansion potential. Projected rents are estimates.