11800 White Ave
Adelanto, CA 92301

*Possible Seller Carry Opportunity* The property has had a recent fire which has resulted in a significant price reduction and presents a great value add opportunity for an investor. Drive By Only. Please do not disturb tenants. Property Highlights;Value Add opportunity based on ProForma projections; ProForma CAP Rate of 10.28% and a ProForma GRM of 5.67; The property is located near the newly appointed Green Zone. The City of Adelanto is experiencing an increased growth in property values, employment opportunities and a demand for rental housing. 50% of new employment created by the Green Zone are required to be permanent residents. Experts and City Officials believe the City of Adelanto is on the cusp of becoming a boomtown. Huge Upside With Repairs and Stabilization, Constructed in 1980, most units not affected by Fire are upgraded. Adelanto is a Non-Rent Control Community and Rental Comparables Illustrate a 95 % Occupancy Area. The White Avenue Apartments are situated on two lots in the city of Adelanto, CA. Together the two lots equate to approximately 0.82 acres totaling 20 units; which are composed of all 1 bedroom / 1 bath units. In the Adelanto City Center neighborhood,36.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.4%), and 12.2% in clerical, assistant, and tech support occupations.