12036 Bartlett AveAdelanto, CA 92301

This exceptional mixed-use investment opportunity presents a 9-unit property situated on a generous 1.1-acre lot in Adelanto, CA. The property comprises seven commercial units totaling 2,413 square feet and two residential units encompassing 1,285 square feet, for a combined net rentable area of 3,698 square feet. Built in 1950 and extensively renovated in 2023, the property boasts a current occupancy rate of 100%, generating a substantial net operating income (NOI) exceeding $53,340 annually, with a pro-forma NOI projected at $60,000. This translates to a compelling cap rate of 8.21%, further enhanced by a pro-forma cap rate of 9.23%. The asking price is $650,000, resulting in a price per square foot of $175.77 and a price per unit of $72,222.22. Strategically located in Adelanto's Business Park District, just a block from Highway 395 and near Interstate-15, the property benefits from excellent access to Southern California's major transportation arteries. Its proximity to the SoCal Logistics Airport and Amazon's fulfillment center underscores its prime location within a rapidly growing commercial and industrial area. The property is zoned for commercial use and is part of Adelanto's Bartlett Ave Rehabilitation Project, a multi-million dollar infrastructure improvement initiative poised to drive further commercial and industrial growth. Recent upgrades include electrical and plumbing improvements to the commercial building and complete remodeling of the residential units. The property's potential for increased revenue is further amplified by the recent California ADU law, which allows for the addition of accessory dwelling units, presenting an attractive avenue for future expansion and income generation. This property represents a compelling investment opportunity for discerning buyers seeking strong returns and significant upside potential.