11398 Bartlett, Adelanto, CA 92301
- $1,500,000
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- PW26090078
- Lot Size
- 108,900
- Acres
- 2.50
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 92
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
Excellent investment opportunity in Adelanto! This 16-space mobile home park, situated on over 2.5 acres, offers immediate cash flow with a 6.63% current cap rate and a projected pro forma of 8%+. The property features a value-add potential with space to add 3 to 4 more units. Sale includes all mobile home trailers, with three units recently remodeled. Additionally, the site includes an on-site commercial building with a steady income from a bakery tenant. Significant recent upgrades include a newly improved septic system (2024). All leases are month-to-month, providing maximum flexibility for rent increases and management. Ideally located with easy access to Hwy 395.
Additional Information
- Water
- Private
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Kyungae Yoon (realtorannieyoon@gmail.com) from Listing Office: Coldwell Banker Best Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.