Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

945 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Desert Oasis 11211 La Habra Ave

48 Unit Block of Flats £6,067,277 (£126,402/Unit) 7.03% Net Initial Yield Adelanto, CA 92301

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

ProForma CAP Rate of 7.03% With a ProForma GRM of 9.20.ProForma CAP Rate is Based on Leveling Off Current Rents.
Roughly $350,000 in Capital Improvements.
Ample Onsite Covered Parking & Private Patios for Tenants

Attractive Current CAP Rate of 6.13% With a Current GRM of 10.57
Pride Of Ownership, Absolute Turn Key, Financeable Asset.
California High-Speed Rail (planned): Expected to pass nearby, potentially reducing travel time between Adelanto and major urban centers.

Executive Summary

The Desert Oasis Apartments are located on the corner lot of La Habra Avenue and Bellflower Street. This single story apartment building is placed on a 2.03-acre lot and is composed of (24) 1 Bedroom, 1 Bath units and (24) 2Bedroom, 1 Bath Units. The tenants are provided with secure onsite covered parking as well as access to the laundry facilities. Current ownership has invested $350k in capital improvements, including but not limited to installing new flooring, applying fresh paint, upgrading water heaters and A/C units, and constructing a retaining wall on the west side of the property.

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£631,232	£21.97
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£205,170	£7.14
Net Operating Income	£426,062	£14.83

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£631,232
Annual Per SF	£21.97

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£205,170
Annual Per SF	£7.14

Net Operating Income
Annual	£426,062
Annual Per SF	£14.83

Property Facts

Price	£6,067,277	Apartment Style	Garden
Price Per Unit	£126,402	Building Class	C
Sale Type	Investment	Lot Size	2.03 AC
Net Initial Yield	7.03%	Building Size	28,728 SF
Gross Rent Multiplier	9.2	Number of Floors	1
No. Units	48	Year Built	1988
Property Type	Residential	Parking Ratio	2.23/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£6,067,277
Price Per Unit	£126,402
Sale Type	Investment
Net Initial Yield	7.03%
Gross Rent Multiplier	9.2
No. Units	48
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	2.03 AC
Building Size	28,728 SF
Number of Floors	1
Year Built	1988
Parking Ratio	2.23/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.