$439,900

11389 Lee, Adelanto, CA 92301

  • 2,736 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon1.14acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $161/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Investor Alert: Immediate cash flow 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. Move-in ready. (Projected Market Rent: $2089). Unit 2 (1BR/1BA): Vacant. Light rehab completed April 2026. Move-in ready. (Projected Market Rent: $1194). Unit 3 (1BR/1BA): Vacant and rental-ready. (Projected Market Rent: $1194). Unit 4 (1BR/1BA): Occupied. Current rent is $680, well below market value. Value-Add & Property Features: Utilities: Separate electric and gas meters (keeps landlord utility expenses low). Shared water/trash. Property functions on a septic system. The Lot: Over 1 full acre of flat, usable land under highly flexible Mixed Use (MU) zoning. Includes a detached garage ideal for an ADU conversion or ample yard space for adding more income-generating units (buyer to verify permitted expansion uses with City of Adelanto). Property sold strictly AS-IS. Seller strongly prefers Cash or 1031 Exchange for a fast close, but will consider strong conventional financing. Information deemed reliable but not guaranteed; buyer to verify all details.

Listing Status:
Active
Date Added:
May 27, 2026
Data Last Updated:
July 6, 2026 at 2:16PM
Listing Office:
West Capital Real Estate : 949-570-8981
Listing Agent:
Victorea Aguila : 949-570-8981
MLS ID:
OC26113769
  • General: Beamed CeilingsCeiling Fan(s)UnfurnishedBedroom on Main LevelMain Level Primary
  • Appliances: FreezerGas RangeMicrowaveRefrigerator
  • Laundry: Washer HookupGas Dryer Hookup
  • Flooring: Vinyl
  • A/C: Evaporative Cooling
  • Heating: Wall Furnace
  • Fireplace: None
  • Disability Feature: None
  • General: None
  • Pool: None
  • Parking: DrivewayGatedOn SiteOff StreetUnpavedParking spaces: 2
  • Roofing: Flat
  • Windows: Screens
  • General: BlockConcrete1Slab
  • Road/Access: Unimproved
  • Originating MLS: CRMLS_CRM
  • County: San Bernardino
  • Zoning: 0459253110000
  • View: None
  • Fencing: Chain LinkWood
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer Not AvailableWater Connected
  • Water: Public
  • Sewer: Septic Type Unknown
  • Source: CRMLS_CRM

This listing courtesy of Victorea Aguila , West Capital Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location