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$ 525,000
Est. payment | /mo
2 Beds
1 Bath
$ 525,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25085013
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
Presenting 11895 White Avean excellent triplex investment opportunity in the growing High Desert rental market. Priced at $525,000, this single-story property features three 2-bedroom, 1-bath units, totaling approximately 2,414 rentable square feet on a 0.21-acre lot. The current annual gross income is $46,140, with market rents supporting a projected gross of $53,820. Operating at a 5.71% current CAP rate, this property provides the potential to push to a 6.76% pro forma CAP with minor rent adjustments. The pro forma GRM is 9.75, providing a solid value-add opportunity for investors seeking reliable cash flow and long-term appreciation.
Location
State CA
County San Bernardino
Zoning Public Rec
Direction From Hwy 395, head west on Air Expressway Blvd, turn left on White Aveproperty is on the right.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 0459152440000
Listed by DARREN CORREA LE INVESTMENT GROUP
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