Apartment Building with Covered
18335 Montezuma, Adelanto, CA 92301
For Sale
$6,995,000
Gated tenant parking and a single-story layout serve the 48-unit residential complex.
Property Size27,888 SF
Lot Size2.22 Acres
Price / SF$250.82
Days on Market180
Property Features for 18335 Montezuma
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
gated parking
carports
Building Details
Building Size
Year Built
Stories
Listing Agency:
KW Mojave
(213) 527-0450
Listed By:
Charly Ubaldo · License #02088736
(213) 797-7150
Source:
Monumentglobalestates
Added: May 14
Changed: Nov 8
Last Checked: Nov 8 at 3:37PM
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 KW Mojave
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Investment Insights
Based on property information with market context.
Built in 1986, this single-story apartment property contains 48 units across approximately 27,888 square feet. The mix comprises 14 two-bedroom, one-bath units, 33 one-bedroom, one-bath units, and one studio. Tenant parking is behind a gate and includes covered carports. The site spans approximately 96,702 square feet, or 2.22 acres.
Adelanto Marketplace is about a five-minute drive away. Its retail and dining options include Walmart, Stater Bros. Markets, Starbucks, and Denny’s.
Adelanto Marketplace is about a five-minute drive away. Its retail and dining options include Walmart, Stater Bros. Markets, Starbucks, and Denny’s.
Key Highlights
- 48 apartments: 14 two‑bedroom/one‑bath, 33 one‑bedroom/one‑bath, and 1 studio
- Approximately 27,888 square feet of building area
- 2.22‑acre site, approximately 96,702 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,888
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,937,760
$4.9M
Cap Rate 7%
$3,526,971
$3.5M
Cap Rate 9%
$2,743,200
$2.7M
Market Conditions
NOI Build-Up for 27,888 SF
Gross rent
$478.6K $17.16/SF
− Vacancy
−$29.7K −$1.06/SF
EGI
$448.9K $16.10/SF
− OpEx
−$202.0K −$7.24/SF
NOI
$246.9K $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%
$4,937,760
Cap Rate 7%
$3,526,971
Cap Rate 9%
$2,743,200
Alternative Uses
Best Use
Apartment 5plus
$3.53M
$3.09M – $4.11M
NOI $246,888 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.88M
$5.15M – $6.86M
NOI $411,779 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
299
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
$316,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Bernardino County, CA
Properties on Market for Apartment buildings in San Bernardino County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Gated tenant parking and a single-story layout serve the 48-unit residential complex.
Where is this apartment building located?
The property is located at 18335 Montezuma Adelanto, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 48 apartments: 14 two‑bedroom/one‑bath, 33 one‑bedroom/one‑bath, and 1 studio; Approximately 27,888 square feet of building area; 2.22‑acre site, approximately 96,702 square feet
