Adelanto, CA 92301 12023 Chamberlaine Way
$1,800,000
15 more
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Beds • 20
Baths • 1
SQFT • 9,000
Garage • 10
Year Built • 1982
Home Details
Le Investment Group is pleased to present an exciting opportunity to acquire a 10-unit portfolio comprised of five separately parceled duplexes in Adelanto, CA. Built in 1982, this single-story, low-maintenance portfolio spans nearly one acre and features an attractive mix of 2-bedroom, 1-bathroom units, each approximately 900 SF. The properties are currently operating at a 6.33% CAP rate with immediate rental upside, supporting a pro forma CAP of 6.83%. With tenants responsible for utilities, a stable rent roll, and straightforward management, this offering provides strong in-place cash flow and long-term appreciation in one of the High Desert’s fastest-growing rental markets. Parcel Numbers: 0459-161-53, 0459-161-54, 0459-161-55, 0459-161-56, 0459-161-57
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Interior Features for 12023 Chamberlaine Way
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 12023 Chamberlaine Way
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityAdelanto
Community FeaturesSuburban, Urban
CountySan Bernardino
DirectionsFrom Hwy 395, head east on Chamberlaine Way. Property is north side, just past Bellflower St.
Electric Expense3150.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense3150.0
Garage Spaces10.0
Garage Y/NYes
Gross Income169680.0
HOANo
Home Warranty Y/NNo
Insurance Expense8000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet41382.0
Lot Size UnitsAcres
MLS AreaADL - Adelanto
MobileHomeRemainsYNNo
Net Operating Income113974.0
New ConstructionNo
Number Of Units Total10
Operating Expense48919.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1
Trash Expense3150.0
Water Sewer Expense3150.0
Year Built1982
Year Built SourcePublicRecords
Exterior for 12023 Chamberlaine Way
Building Area Total9000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.95
Lot Size Area0.95
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters5
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,800,000
MLS#IV25115074
List Date
05/22/2025
Property Type
Multi-Family
Phone
(562) 537-4182
