Adelanto Duplex with Spacious
For Sale
Contact for pricing
12023 Chamberlaine Way, Adelanto, CA 92301
Well-maintained duplex in Adelanto, CA, featuring two 2-bedroom units.
Property Size1,800 SF
Price / SF$200
Days on Market454
Property Features for 12023 Chamberlaine Way
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multifamily
Zoning
Public Rec
Building Details
Buildings
1
Stories
1
Units
2
Listing Agency:
Le Investment Group
(909) 256-7889
Listed By:
Darren Correa · License #CA
Source:
Crexi
Added: May 14, 2025
Changed: Aug 8
Last Checked: Aug 10 at 12:32PM
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 Le Investment Group
Investment Insights
Based on property information with market context.
This well-maintained single-story duplex is located in Adelanto, California. Constructed in 1982, the property features two units, each containing two bedrooms and one bathroom, with approximately 900 square feet of living space. Each unit includes functional floor plans, private front and rear entrances, wall heating and cooling, and private patios. Gas and electric utilities are individually metered for each unit. The property provides ample on-site parking and desert landscaping. It is situated on a street-level lot, conveniently located near local retail, schools, parks, and public transportation. Major commuter routes, including Highway 395 and Interstate 15, are easily accessible. This property is suitable for long-term residential ownership. Additional duplex properties in close proximity are available for individual purchase, offering an opportunity to acquire multiple similar assets within the same neighborhood.
Key Highlights
- Two spacious 2‑bedroom, 1‑bathroom units (approx. 900 sq ft each) offer immediate rental income potential.
- Convenient location near retail, schools, parks, public transportation, and major commuter routes (Highway 395 & Interstate 15).
- Each unit features private front and rear entrances and private patios.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,120
$367.1K
Cap Rate 7%
$262,229
$262.2K
Cap Rate 9%
$203,956
$204.0K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.9K $15.48/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$26.2K $14.57/SF
− OpEx
−$7.9K −$4.37/SF
NOI
$18.4K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$367,120
Cap Rate 7%
$262,229
Cap Rate 9%
$203,956
Alternative Uses
Best Use
Multifamily LT 5
$262.2K
$229.5K – $305.9K
NOI $18,356 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$227.6K
$199.2K – $265.6K
NOI $15,935 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$379.7K
$332.2K – $443.0K
NOI $26,578 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in Adelanto, CA, featuring two 2-bedroom units.
Where is this duplex located?
The property is located at 12023 Chamberlaine Way Adelanto, CA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two spacious 2‑bedroom, 1‑bathroom units (approx. 900 sq ft each) offer immediate rental income potential.; Convenient location near retail, schools, parks, public transportation, and major commuter routes (Highway 395 & Interstate 15).; Each unit features **private front and rear entrances and private patios**.
