Skip To Content

12036 Bartlett Avenue

Adelanto, CA 92301
  • $650,000
  • STATUS: Active
  • ON SITE: 448 Days
  • ID#: HD23150143
UPDATED: 54 min ago
$650,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Jeffrey Nyal of Coldwell Banker Home Source (760-242-6000)


Description

***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADUs to their properties. The new ADU LAW further expands the propertys income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-02T10:28:09.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/142373589
Print Image

12036 Bartlett Avenue Adelanto, CA 92301

  • Price: $650,000
  • Status: Active
  • On Site: 448 Days
  • Updated: 54 min ago
  • ID#: HD23150143
0
Beds
0
Baths
0
½ Baths
1.1
Acres
1950
Built
Neighborhood:
ADL - Adelanto
County:
San Bernardino
Area:
ADL - Adelanto
Property Description
***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADUs to their properties. The new ADU LAW further expands the propertys income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***
Exterior Features

Construction Materials Frame Entry Level 1 Lot Features 6-10 Units/AcreLot Over 40000 SqftPavedRectangular LotStreet Level Open Parking Spaces 20 Parking Total 20 Roof Flat

Interior Features

Cooling Evaporative CoolingWall/Window Unit(s) Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Business Type MixedProfessional/OfficeRetailStorage Cap Rate 8.21 Common Interest None Gross Scheduled Income 65220 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanOwner May CarrySubmit Net Operating Income 53340 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 1229 Tax Year 2023 Utilities Sewer AvailableSewer Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-02T10:28:09.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_371796051-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_371796051-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_371796051-2.jpg
Logo
Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Jeffrey Nyal of Coldwell Banker Home Source (760-242-6000)