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$439,900 Just Listed
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Property Description
Investor Alert: Immediate cash flow 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: $2089). Unit 2 (1BR/1BA): Vacant. Light rehab completed April 2026. Move-in ready. (Projected Market Rent: $1194). Unit 3 (1BR/1BA): Vacant and rental-ready. (Projected Market Rent: $1194). Unit 4 (1BR/1BA): Occupied. Current rent is $680, well below market value. Value-Add & Property Features: Utilities: Separate electric and gas meters (keeps landlord utility expenses low). Shared water/trash. Property functions on a septic system.
The Lot: Over 1 full acre of flat, usable land under highly flexible Mixed Use (MU) zoning. Includes a detached garage ideal for an ADU conversion or ample yard space for adding more income-generating units (buyer to verify permitted expansion uses with City of Adelanto). Property sold strictly AS-IS. Seller strongly prefers Cash or 1031 Exchange for a fast close, but will consider strong conventional financing. Information deemed reliable but not guaranteed; buyer to verify all details.
Full Property Details
Full Property Details for 11389 Lee
General
- Price: $439,900
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC26113769
- Updated: Today (5/27/2026)
- Added to Site: Today
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
Get Pre-Approved Today
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.
Tax History
Tax History for 11389 Lee
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,497
7%
$459,753
2%
2024
$5,135
207%
$450,738
206%
2023
$1,675
2%
$147,284
2%
2022
$1,644
-6%
$144,396
2%
2021
$1,742
2%
$141,564
1%
2020
$1,709
1%
$140,113
2%
2019
$1,698
-1%
$137,365
2%
2018
$1,717
3%
$134,672
2%
2017
$1,667
2%
$132,032
2%
2016
$1,635
4%
$129,443
4%
2015
$1,575
1%
$125,000
—
2014
$1,560
32%
$125,000
32%
2013
$1,185
—
$95,000
—
Disclaimer: Historical tax 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.

