Attractive Six-Unit Apartment
For Sale
$899,999
11246 Chapparal, Adelanto, CA 92301
Lucrative investment opportunity with upside potential near logistics hubs.
Property Size5,616 SF
Price / SF$160.26
Days on Market188
Property Features for 11246 Chapparal
General Information
Standard status
Active
Size
5,616 SF
Building Details
Year Built
1987
Listing Agency:
Champions Real Estate
Listed By:
Francisco Perpuly · License #01930066
(909) 492-8882
Source:
Myfabuloushome
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Champions Real Estate
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Investment Insights
Based on property information with market context.
This attractive 6-unit apartment complex presents a compelling investment opportunity. The property is composed of 2 separate buildings, each containing 3 units. Each unit features 2 bedrooms and 1 bathroom. Indoor laundry facilities are included within each unit. A 1-car garage is provided per apartment. The current market rents stand at $10,200 (Projected Gross), offering room for upside potential. The property is situated near a Logistics Airport and the newly established Amazon Distribution Center, Snapple, and Boeing. The Section 8 Local Payment Standards dictate rents at $1769.
Key Highlights
- Lucrative investment opportunity with 6 units in two buildings.
- Each unit includes indoor laundry facilities and a 1‑car garage.
- Strategic location near Logistics Airport, Amazon, Snapple, Boeing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,718
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,360
$994.4K
Cap Rate 7%
$710,257
$710.3K
Cap Rate 9%
$552,422
$552.4K
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$96.4K $17.16/SF
− Vacancy
−$6.0K −$1.06/SF
EGI
$90.4K $16.10/SF
− OpEx
−$40.7K −$7.24/SF
NOI
$49.7K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,360
Cap Rate 7%
$710,257
Cap Rate 9%
$552,422
Alternative Uses
Best Use
Apartment 5plus
$710.3K
$621.5K – $828.6K
NOI $49,718 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,923 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
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Business Placement
Demographics for 92301, CA
38,912
Population
10,069
Households
3.9
Avg Household Size
29
Median Age
8%
College-Educated
73%
High-School Grad
224.8 sq mi
ZIP Area
173
Density / Sq Mi
$68,205
Median Household Income
$35,172
Median Earnings
$1,385
Median Rent
$316,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Lucrative investment opportunity with upside potential near logistics hubs.
Where is this apartment building located?
The property is located at 11246 Chapparal Adelanto, CA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Lucrative investment opportunity with 6 units in two buildings.; Each unit includes indoor laundry facilities and a 1‑car garage.; Strategic location near Logistics Airport, Amazon, Snapple, Boeing.
