11246 Chaparral Avenue

Adelanto, CA 92301

$950,000
Price
4
Beds
6
Baths
5,616 Sq. Ft.
$169 / Sq. Ft.
5,616
Sq. Ft.
$169
per Sq. Ft.

Description

This attractive 6-unit apartment offers a lucrative investment opportunity. Each of the six units consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure...This attractive 6-unit apartment offers a lucrative investment opportunity. Each of the six units consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure parking but also adds to the overall value of the property. In an area where parking can often be a challenge, this amenity sets these apartments apart from the competition. The potential for increased rental income is an exciting aspect of this investment. The current market rents stand at $9600, offering room for upside potential. This potential for growth in rental income is particularly appealing, given the property's strategic location. Situated near a Logistics Airport and the newly established Amazon Distribution Center, the demand for housing in the area is likely to remain strong, contributing to a stable tenant pool. Two of the units have been recently remodeled, adding a modern touch to the complex. This not only improves the aesthetic appeal but also suggests a commitment to maintaining the property's value over time. Additionally, the recent installation of a new air conditioning unit improves the overall comfort and desirability of the apartments, another attractive feature for potential tenants. It's worth noting that the Section 8 Local Payment Standards dictate rents at $1769. This provides a level of stability in rental income, as these standards are typically reliable and consistent. This could be an advantage in terms of securing consistent rental income, even in fluctuating market conditions. Finally, with a projected 8% Capitalization Rate (Cap) at market rents, this investment demonstrates strong potential for financial growth. This rate showcases the relationship between the property's net operating income and its market value, indicating a solid return on your investment. Overall, this 6-unit apartment complex presents a compelling opportunity for an investor like you. The combination of well-designed units, convenient amenities, potential for increased rental income, and strategic location near key transportation hubs and employers make this property an attractive addition to your portfolio.
  1. Listed by Francisco Perpuly • DRE #01930066 • Brokerage DRE #01878277 • EXP REALTY OF CALIFORNIA INC • 951-888-0307

Property Details for 11246 Chaparral Avenue

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5616

Location

Listing Courtesy of EXP REALTY OF CALIFORNIA INC, Francisco Perpuly, DRE #01930066
Add your commute
LISTING UPDATED: 05/01/2024 08:33 AM

Property Details for 11246 Chaparral Avenue

StatusPending
MLS #CV23163237
Days on Market243
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
CountySan Bernardino County

Location

Listing Courtesy of EXP REALTY OF CALIFORNIA INC, Francisco Perpuly, DRE #01930066
Add your commute

Building Information for 11246 Chaparral Avenue

Building/Complex11246 Chaparral AveFloor-Stories1Residences-Pet Policy-Year Built1987Building Size-

Payment Calculator

$5,866 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$681

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11246 Chaparral Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $71,040
  • Gross Scheduled Income: $71,040
  • Net Operating Income: $51,707
  • Number Of Rented Garages: 6
Expense Details
  • Operating Expense: $19,333
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 91
  • Tax Census Tract: 91.31
  • CFD/Mello-Roos Fee: $370
  • Tax Lot: 08
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Roof: Shingle
  • Entry Location: Floor
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $880
  • Unit Type Total Rent: $880
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 11246 Chaparral Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11246 Chaparral Avenue

Taxable ValueLand$102,000Additions$612,000Total$714,000
Tax Record2023$8,169 ($681 / month)
Home Facts
Total Finished SqFt5,616 SqFtAbove Grade Finished SqFt5,616 SqFtLot Size20,038 SqFtStyleMulti-Family Res (5+ Units)Year Built1987CountySAN BERNARDINOAPN0459-611-08-0000

Schools near 11246 Chaparral Avenue

This home is within Victor Valley Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Westside Park Elementary School
PublicK to 5

Mesa Linda Middle School
Public6 to 8

Adelanto High School
Public9 to 12

Taylion High Desert Academy
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY OF CALIFORNIA INC, Francisco Perpuly, DRE #01930066

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.