12023 Chamberlaine Way, Adelanto, California 92301, Adelanto, - bed, bath
ACTIVE$1,800,000
12023 Chamberlaine Way, Adelanto, California 92301
0Bed
0Bath
9,000Sqft
41,382Lot
Year Built
1982
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25115074
Home ConditionFair
Features
Good View:
View-
About this home
An exciting opportunity to acquire a 10-unit portfolio comprised of five separately parceled duplexes in Adelanto, CA. Built in 1982, this single-story, low-maintenance portfolio spans nearly one acre and features an attractive mix of 2-bedroom, 1-bathroom units, each approximately 900 SF. The properties are currently operating at a 6.33% CAP rate with immediate rental upside, supporting a pro forma CAP of 6.83%. With tenants responsible for utilities, a stable rent roll, and straightforward management, this offering provides strong in-place cash flow and long-term appreciation in one of the High Desert’s fastest-growing rental markets. Parcel Numbers: 0459-161-53, 0459-161-54, 0459-161-55, 0459-161-56, 0459-161-57
Price History
Date
Event
Price
05/22/25
Listing
$1,800,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (4 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 9,000 | 2,168 | 80% |
| Lot Size | 41,382 | 25,080 | 60% |
| Price | $1.8M | $410K | 80% |
| Price per square foot | $200 | $200 | 50% |
| Built year | 1982 | 1984 | 40% |
| HOA | |||
| Days on market | 167 | 167 | 50% |
Condition Rating
Fair
Built in 1982, these duplexes are 42 years old with no visible major renovations. The exterior images show dated structures with signs of wear, older windows, and basic landscaping. While the property is described as 'low-maintenance' and currently operating as rental units, implying functionality, the age strongly suggests that kitchens, bathrooms, flooring, and other interior components are original or have only received minor, outdated updates. Major systems are likely functional but show signs of being outdated, requiring significant cosmetic and potential system updates to meet modern standards.
Pros & Cons
Pros
Multi-Parcel 10-Unit Portfolio: The property comprises a significant 10-unit portfolio across five separately parceled duplexes, offering excellent scale, diversification, and future flexibility for disposition or financing.
Strong In-Place Cash Flow with Upside: Currently operating at a 6.33% CAP rate with a pro forma of 6.83%, the portfolio provides robust immediate cash flow, further enhanced by tenants being responsible for utilities.
Low-Maintenance & Streamlined Management: The single-story construction and tenant-paid utilities contribute to a straightforward, low-maintenance investment, simplifying property management for the owner.
Strategic Location in Growth Market: Situated in Adelanto, identified as one of the High Desert’s fastest-growing rental markets, positioning the property for strong long-term appreciation and consistent tenant demand.
Stable Rent Roll: The offering includes a stable rent roll, indicating consistent occupancy and reliable income streams, which is highly attractive to investors seeking predictable returns.
Cons
Property Age (1982 Construction): Built in 1982, the properties are over 40 years old, suggesting that original systems and components may be nearing or past their expected lifespan, potentially requiring significant capital expenditures for updates or replacements.
Limited Unit Configuration: All units are uniformly 2-bedroom, 1-bathroom, which, while a common rental size, may limit the diversity of the tenant pool or future rental rate growth compared to properties offering varied or larger unit layouts.
Market Concentration Risk: While a growth market, the investment is concentrated within the High Desert region, which could be more susceptible to specific regional economic shifts or industry-dependent growth compared to more diversified metropolitan areas.