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$439,900
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Property Description
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.
Full Property Details
Full Property Details for 11389 Lee
General
- Price: $439,900
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC26113769
- Updated: 7/11/2026
- Days on Market: 48 days
- Added to Site: 48 day(s) ago
Interior
- Rooms/Areas: Primary Bedroom, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom
- Interior Features: Beamed Ceilings, Unfurnished, Ceiling Fan(s)
- Fireplace(s): None
- Appliances: Microwave, Refrigerator, Gas Range, Freezer
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 2
- Parking Features: Off-Street, Gated, On-Site, Driveway, Unpaved
- Parking: Off-Street, Gated, On-Site, Driveway, Unpaved
Location
- Area: ADL - Adelanto
- County: San Bernardino
- Development Name: ADL - Adelanto
- Driving Directions: North on 395 Hwy, West on Bartlett Ave, North on Delicious St, West on Lee ave
Heating & Cooling
- Cooling Type: Evaporative Cooling
- Heating Type: Wall Furnace
Utilities
- Sewer: Septic Type Unknown
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Foundation: Slab
- Roof: Flat
- Windows: Screens
- Entry Location: Ground
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,736
- Year Built: 1956
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 1.14
- Lot Size (Sq. Ft.): 49,658
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $160.78
- Price Per Unit: 109975
Listed by West Capital Real Estate, Victorea Aguila
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Price & Sales History for 11389 Lee
Date
Details
Price
Change
Source
5/27/2026
Listed
$439,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 11389 Lee
11389 Lee, Adelanto, CA 92301 (MLS# OC26113769) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 11389 Lee is currently listed for $439,900 and was received on May 27, 2026. Want to learn more about 11389 Lee? Do you have questions about finding other Multi-Family real estate for sale in Adelanto? You can browse all Adelanto real estate or contact a Coldwell Banker agent to request more information.

