Est. cap rate

9.8%

Assumed rent, all units

$6,520/mo

Units

4

Price per unit

$100,000

Est. annual NOI

$39,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,736 sqft

Lot size

27,300 sqft

Year built

1956

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

Evaporative Cooling

Pool

None

View

None

Status

Active

Days on market

141

MLS #

242628452

About this property

Priced at $399,999, about $100K per door. This 4-plex sits on 0.63 acres (approx. 27,300 sq ft) with Mixed-Use (MU) zoning. Two units were lightly rehabbed in 2026, and the detached garage has ADU potential. Projected gross rent is about $5,157/month (about $62K/year), with Unit 4 at its current rent. Unit mix: - Unit 1: 3BR/1BA, light rehab 2026, projected $2,089 - Unit 2: 1BR/1BA, light rehab 2026, projected $1,194 - Unit 3: 1BR/1BA, projected $1,194 - Unit 4: 1BR/1BA, currently $680 (below market) Electric and gas are separately metered; water and trash are shared, and the property is on septic. Any signed leases convey. Sold as-is; seller will not make repairs. The NHD report and a third-party zoning analysis are in the supplements. Offers will be reviewed Monday 10/19. Buyer to verify all figures, zoning and expansion potential. Projected rents are estimates.

Location

11389 Lee

Adelanto, San Bernardino, CA, 92301