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31527492
31527507

12036 Bartlett Ave, Adelanto, CA 92301 For Sale

JN
CA CA 01373556
Coldwell Banker Home Source Apple Valley
Listed by Coldwell Banker Home Source Apple Valley
$474,990
103 days on market
Updated 33 days ago

12036 Bartlett Ave, Adelanto CA 92301

Details
APN 0459-164-11
Property Type Mixed Use, Multifamily (+1)
Sub Type Creative Office, Executive Office (+1)
Square Footage 3,698
Net Rentable (SqFt) 3,698
Units 9
Cap Rate 10.48%
NOI $49,800
Occupancy 100%
Pro-Forma Cap Rate 12.13%
Pro-Forma NOI $57,600
Price per SqFt $128
Broker Co-Op Yes
Class B
Year Built 1950
Year Renovated 2025
Buildings 3
Stories 1
Acreage 1.100
Zoning Commercial
Investment Type Net Lease
Ground Lease No
Ownership Private

12036 Bartlett Ave, Adelanto CA | 10.5% CAP | 3,698 SqFt

Marketing description

***Come VIEW and MAKE an OFFER TODAY! Amazing COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. Positioned in the heart of Adelanto's Business Park District, the over 1-ACRE lot has plenty of space for parking or storage. Only a block from Hwy 395 and close to Interstate-15 the site offers excellent access to all of Southern CA. Plus, with Adelanto rapidly becoming a logistics/distribution hub, recent expansion has brought the SoCal Logistics Airport, Amazon fulfillment center, and Keurig/Dr. Pepper/Snapple manufacturing plant right next door. In addition, the site was part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions was invested on massive improvements to infrastructure, as the city prepares for FUTURE GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing even more cash flow. Recently, electrical/plumbing/window upgrades were made in the commercial building, and new split-unit AC's along with tank-less water heaters have been installed for efficiency. Also, the residential units have recent upgrades. Currently, the property is generating over $62,000 in GROSS INCOME, with the pro-forma potential of producing upwards of $70,000 per year. An ideal property for any real estate investor in the market for LUCRATIVE CAP RATES, or an entrepreneur that needs more space to grow. A definite must see OPPORTUNITY before it's too late.***

Investment highlights

9 Units

Large 1 Acre Lot

Lucrative Cap Rate

Listing Contacts

JN
CA CA 01373556
Coldwell Banker Home Source Apple Valley
Listed by Coldwell Banker Home Source Apple Valley

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,800.00
$4,150.00/mo

Valuation Metrics

0
DSCR
10.48%
Cap Rate
10.48%
ROI

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Additional Information

Name
Jeffrey Nyal
License
CA 01373556
Brokerage
Coldwell Banker Home Source
Brokerage Phone
7608877779
Title
CA
Brokerage Address
18484 California 18
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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