11389 Lee, Adelanto, CA 92301
Local realty services provided by:CENTURY 21 Masters
11389 Lee,Adelanto, CA 92301
$439,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: victorea aguila
Office: west capital real estate
MLS#:OC26113769
Source:MLSListings
Price summary
- Price:$439,900
About this home
Investor Alert: In-place income with massive pro forma upside and development flexibility. This 4-unit income property sits on a flat, usable 1.14-acre lot in Adelanto, featuring rare Mixed-Use (MU) zoning that opens the door for future expansion, higher-density residential additions, or a live-work commercial play. The Units & Income Potential: Unit 1 (3BR/1BA): Vacant, light rehab completed April 2026, sold as-is (projected market rent $2,089). Unit 2 (1BR/1BA): Vacant, light rehab completed April 2026, sold as-is (projected market rent $1,194). Unit 3 (1BR/1BA): Vacant and rental-ready (projected market rent $1,194). Unit 4 (1BR/1BA): Occupied at $680/month, well below market. Projected rents are estimates, not guarantees. Value-Add & Property Features: Separate electric and gas meters keep landlord utility expenses low; shared water/trash; septic system. Over 1 full acre of land under flexible MU zoning, plus a detached garage ideal for a potential ADU conversion or room for additional income-generating units — buyer to verify all permitted uses and expansion potential with the City of Adelanto. Property sold strictly AS-IS. Roof Seller prefers cash or 1031 exchange for a fast close but will consider strong conventional financing. Investor summary, rent roll & pro forma, NHD...
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Home facts
- Year built:1956
- Listing ID #:OC26113769
- Added:108 day(s) ago
- Updated:September 13, 2026 at 04:19 PM
Rooms and interior
- Kitchen Description:Freezer, Microwave, Refrigerator
Heating and cooling
- Cooling:Evaporative Cooler
- Heating:Wall Furnace
Structure and exterior
- Roof:Flat/Low Pitch
- Year built:1956
- Lot area:1.14 Acres
- Lot Features:Mid Block
- Foundation Description:Concrete Slab
- Levels:1 Story
Utilities
- Water:District - Public
Finances and disclosures
- Price:$439,900
Features and amenities
- Laundry features:Gas Hook-up
- Amenities:Ceiling Fan(s)
Parking
- Parking description:Common Garage, Gate / Door Opener, Off Street Parking, Other
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