$439,900
11389 Lee, Adelanto CA 92301
Multi-Family (Fourplex)
Property type
9 days
On market
$161
Price per sqft
2 cars
Garage
1956
Year built
49,658 sqft
Lot size
Home highlights
Open Houses
Overview
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....
Listing provided by: Victorea Aguila DRE #02340663, West Capital Real Estate
Listing updated: May 29, 2026 at 01:09am.
Last checked: Jun 5, 2026 at 06:00am
Source: CRMLS #OC26113769
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $0 | $0 | $2,089 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $1,194 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $1,194 | Unfurnished |
| 1 | 1 | 1 | — | $680 | $680 | $1,194 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Ranges: 4
Refrigerator: 4
Rent Control: No
Units Leased: 1
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
6.5x
List Price / Annual Gross Rent
Cap Rate
11.91%
NOI / List Price
Gross Scheduled Income: $68,052
Operating Expense: $12,273
Net Operating Income: $52,376
Annual Operating Expenses
Insurance: $2,674
Trash: $2,664
Water / Sewer: $1,200
Interior
Interior Features: Beamed Ceilings, Ceiling Fans, Unfurnished, Main Floor Bedroom, Main Level Primary
Room Type: Bedroom, Kitchen, Living Room, Primary Bedroom
Flooring: Vinyl
Cooling: Evaporative Cooling
Heating: Wall Furnace
Appliances: Freezer, Gas Range, Microwave, Refrigerator
Fireplace: None
Laundry: Washer Hookup, Gas Dryer Hookup
Accessibility: None
Entry Location: Ground
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Flat
Foundation: Slab
Window Features: Screens
Construction Materials: Block, Concrete
Property Condition: Updated Remodeled
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: Chain Link, Wood
Water Source: Public
Sewer: Septic Type Unknown
Utilities: Electricity Connected, Natural Gas Connected, Sewer Not Available, Water Connected
View: None
Road Surface Type: Unimproved
Garage and Parking
Parking: Driveway, Gated, On Site, Off Street, Unpaved
Garage Spaces: 2
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 0459253110000
Additional Parcels: No
Tax Lot: 0
Community
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 11389 Lee, Adelanto, CA 92301. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$351,920
Total Interest
$448,855
Total Payment
$800,775
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$2,833
per month
Property History for 11389 Lee
Adelanto Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92301.
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