Adelanto, CA 92301 11941 Lee Avenue
$1,500,000
9 more
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Beds • 21
Baths • 9
SQFT • 9,180
Garage • 9
Year Built • 1982
Home Details
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
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Interior Features for 11941 Lee Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 11941 Lee Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityAdelanto
Community FeaturesSuburban
CountySan Bernardino
DirectionsFrom US-395, head west on Palmdale Rd, turn right on Bellflower St, then left on Lee Ave—property is on the right.
Electric Expense3234.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense3234.0
Garage Spaces9.0
Garage Y/NYes
Gross Income163680.0
HOANo
Home Warranty Y/NNo
Insurance Expense6876.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet38720.0
Lot Size UnitsSquareFeet
MLS AreaADL - Adelanto
MobileHomeRemainsYNNo
Net Operating Income100775.0
New ConstructionNo
Number Of Units Total9
Operating Expense54721.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot18
Trash Expense3234.0
Water Sewer Expense3234.0
Waterfront Y/NNo
Year Built1982
Year Built SourcePublicRecords
Exterior for 11941 Lee Avenue
Building Area Total9180.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.8889
Lot Size Area38720.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking9.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,500,000
MLS#IV25046378
List Date
03/03/2025
Property Type
Multi-Family
Phone
(562) 818-1655
