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HIGH CASH FLOW!!! 10.43% property that is $65,196 Rental Income / sale price of $625,000 4 Unit property AND also CAPITAL APPRECIATION upside: Las Vegas to San Bernardine BULLET Train ONLY 8.1 Miles Away: VictorVille Train Station. Economic Growth and Development: *Pro-business and Pro-growth Environment: Adelanto's city administration is actively working to attract businesses and promote development, leading to increased industrial jobs and construction projects. * * Attracting Industries: The city has attracted major retailers, home builders (like Frontier Communities and D.R. Horton), and even expressed interest from Tesla for supercharging stations. * * Cannabis Industry: Adelanto has seen significant development in the legal cannabis industry, generating revenue and contributing to the city's economic sustainability. * * Vacant Property Tax: The city is implementing a vacant property tax to encourage the productive use of vacant properties and increase housing and commercial/industrial development. * * Retail Development: New retail developments, like the Cactus Plaza and the planned Adelanto Town Center, are being developed, further boosting the local economy. * * Adelanto City Center: A 19-acre mixed-use project is planned, including retail, medical uses, office space, apartments, a hotel, and more. *Population and Housing Growth: *Population Growth: Adelanto is experiencing population growth, with a recent increase of 1.96% between 2021 and 2022. * * Construction of Homes: Due to the influx of jobs, there has been a surge in the construction of single-family homes. * * Housing Projects: Several housing projects are underway, including those by Frontier Communities and D.R. Horton. *Location and Infrastructure: *High Desert Location: Adelanto is located in the western portion of the High Desert, offering a unique environment and potential for development. * * Highway 395: The city's location along Highway 395 provides access to major transportation routes and facilitates development. * * Future Retail Developments: Future retail developments, such as the Adelanto Town Center, are planned on the corner of Highway 395 and Mojave Drive.
Property Type(s):
Residential Income
| Last Updated | 3/3/2025 | Year Built | 1985 |
|---|---|---|---|
| Community | Adelanto | County | San Bernardino |
Price History
| Prior to Oct 3, '24 | $700,000 |
|---|---|
| Oct 3, '24 - Dec 16, '24 | $699,999 |
| Dec 16, '24 - Feb 3, '25 | $675,000 |
| Feb 3, '25 - Mar 3, '25 | $650,000 |
| Mar 3, '25 - Today | $625,000 |
Additional Details
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Adelanto |
| GARAGE | Door-Single, Garage, Yes |
| HEAT | Baseboard |
| LOT | 10368 sq ft |
| LOT DIMENSIONS | 64x162 |
| PARKING | Door-Single,Garage |
| STORIES | 1 |
Location
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Listed with EGL Properties Incorporated
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