12075 Kings Road, Adelanto, CA 92301

About this property

"7% Cap Rate at list with 8 Fully occupied units in the fast growing city of Adelanto. This property offers 8 2 bedroom 1 bath units with there own separate gas, water and electric meters. The landlord is only responsible for trash and maintenance which there will be very little of as all 8 units have undergone extensive capital expenditures in the last two years. This is a turn key property waiting for the next owner to raise the under market rents to fully optimize cash on cash return. Located near the fast growing SCLA the premier job growth sector in the High Desert.

Listing description from the October 2018 sale, as reported to CRMLS.

Sale history

$643,309

Sold October 2018 · listed $650,000, on market May 2017 · MLS #CV17117745 · Source: CRMLS

Listing Agent: JASON LAMOREAUX · Listing Office: COLDWELL BANKER COMMERCIAL RE · Contact: 760-684-8000 · Bought with: Miguel Franco · Realty Executives Select

$643,309

Sold September 2018 · listed $650,000, on market May 2017 · MLS #485285 · Source: CRMLS

Listing Agent: Robert Basen · Listing Office: Coldwell Banker Commercial Rea · Contact: 760-684-8000 · Bought with: MLS Non Member · Non Member MLS

$390,000

Sold November 2016 · listed $430,000, on market August 2016 · MLS #475881 · Source: CRMLS

Listing Agent: Jim Suh · Listing Office: Lucky Realty · Contact: 760-668-6666 · Bought with: Jerrad Schendel · Coldwell Banker Commercial Rea

Explore Adelanto