12036 Bartlett AVE, Adelanto, CA 92301 – HD23150143 - Paul Young

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Paul Young

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$ 650,000

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12036 Bartlett AVE Adelanto, CA 92301

1.1 Acres Lot

UPDATED:

12/05/2024 12:34 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID HD23150143

HOA Y/N No

Year Built 1950

Annual Tax Amount $1,229

Tax Year 2023

Lot Size 1.100 Acres

Property Description

***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADU’s to their properties. The new ADU LAW further expands the property’s income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***

Location

State CA

County San Bernardino

Area Adl - Adelanto

Interior

Heating Natural Gas

Cooling Evaporative Cooling, Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Utilities Available Sewer Available, Sewer Connected

Roof Type Flat

Present Use Commercial,Multi-Family

Total Parking Spaces 20

Building

Lot Description 6-10 Units/Acre, Lot Over 40000 Sqft, Paved, Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 0459164110000

Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Submit

Listing Terms Cash, Cash to New Loan, Owner May Carry, Submit

Special Listing Condition Standard

Listed by Jeffrey Nyal • Coldwell Banker Home Source • 7609646427

Paul Young

Agent | H01433615

+1(949) 388-6888

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Paul Young

12036 Bartlett AVE Adelanto, CA 92301

Key Details

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Interior

Exterior

Building

Others

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12036 Bartlett AVE