$439,900
About this home
Investor Alert: In-place income with massive pro forma upside and development flexibility. This 4-unit income property sits on a flat, usable 1.14-acre lot in Adelanto, featuring rare Mixed-Use (MU) zoning that opens the door for future expansion, higher-density residential additions, or a live-work commercial play. The Units & Income Potential: Unit 1 (3BR/1BA): Vacant, light rehab completed April 2026, move-in ready (projected market rent $2,089). Unit 2 (1BR/1BA): Vacant, light rehab completed April 2026, move-in ready (projected market rent $1,194). Unit 3 (1BR/1BA): Vacant and rental-ready (projected market rent $1,194). Unit 4 (1BR/1BA): Occupied at $680/month, well below market. Projected rents are estimates, not guarantees. Value-Add & Property Features: Separate electric and gas meters keep landlord utility expenses low; shared water/trash; septic system. Over 1 full acre of flat, usable land under flexible MU zoning, plus a detached garage ideal for a potential ADU conversion or room for additional income-generating units — buyer to verify all permitted uses and expansion potential with the City of Adelanto. Property sold strictly AS-IS. Seller prefers cash or 1031 exchange for a fast close but will consider strong conventional financing. Investor summary, rent roll & pro forma, NHD report, and third-party zoning analysis available in MLS supplements. Information deemed reliable but not guaranteed; buyer to verify all.
Facts & features
- Interior features
- Beamed Ceilings, Ceiling Fans, Unfurnished, Bedroom On Main Level, Main Level Primary
- Appliances
- Freezer, Gas Range, Microwave, Refrigerator
- Flooring
- Vinyl
- Fireplace
- None
- Heating
- Wall Furnace
- Cooling
- Evaporative Cooling
- Laundry
- Washer Hookup, Gas Dryer Hookup
- Levels
- One
- Spa
- None
- Lot size
- 1.14 acres (49,658 sq ft)
- Pool
- None
- Year built
- 1956
- Parking
- Driveway, Gated, On Site, Off Street, Unpaved
- Parking spaces
- 2
- Area
- ADL - Adelanto
- County
- San Bernardino
- Community features
- Street Lights, Sidewalks
- Status
- Active
- Property type
- Quadruplex
- Days on market
- 45
- Listed
- 2026-05-25
- Terms
- Cash, Cash To New Loan, Conventional, Exchange 1031, Fha 203k, Va Loan
- Parcel #
- 0459253110000
- MLS #
- OC26113769
