Turnkey 4-Unit Investment generating $5,560 per month in gross rental income * If you’re looking for a clean, income-producing multifamily property without renovation headaches, this is an ideal opportunity. This well-maintained 4-unit property has undergone approximately $200,000 in renovations within the past two years, significantly reducing near-term maintenance concerns. The unit mix includes: 1 – Three-Bedroom 2 – Two-Bedroom 1 – One-Bedroom With multiple units creating diversified cash flow and major improvements already completed, this property offers a strong foundation for building long-term wealth through multifamily ownership.
Multi-familyProperty Type
1983Year Built
8,658 sq ftLot Size
$196Price/Sq.Ft.
4 car garageParking
Listed by Jerrad Schendel•DRE #01971338• Coldwell Banker Commercial Rea
Listed by Robert Basen•DRE #00521368• Coldwell Banker Commercial Rea
Great investment opportunity! Fourplex in Adelanto features a two story, 3 bedroom 2 bath with fireplace in living room, two 2 bedroom, 2 bath units and one 1 bedroom, 1 bath unit. Fresh paint and carpet in all units! Laundry room in common area. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage and HomePath Renovation Mortgage Financing.
CRMLS #I291032
Oct 31, 2003
Sold
$699,500
$196/sq ft
Jul 23, 2002
Listed
$699,500
$196/sq ft
5 QUADRUPLEX, NEW REMODELED FULLY OCCUPIED PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY.
Public Records
Apr 16, 2003
Sold
$135,000
$38/sq ft
Public Records
Oct 30, 1998
Sold
$134,000
$37/sq ft
Public Records
Sep 28, 1990
Sold
$80,000
$22/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,266 (+7.1%)
$25,121 + $169,570
$194,691
2024
$2,116 (+1.0%)
$24,628 + $166,245
$190,873
2023
$2,096 (+1.9%)
$23,672 + $159,789
$183,461
2022
$2,057 (−5.6%)
$23,672 + $159,789
$183,461
2021
$2,179 (+1.9%)
$23,208 + $156,656
$179,864
2020
$2,139 (+0.7%)
$22,753 + $153,584
$176,337
2019
$2,124 (−1.1%)
$22,520 + $152,009
$174,529
2018
$2,148 (+3.0%)
$22,078 + $149,028
$171,106
2017
$2,085 (+2.0%)
$21,221 + $143,241
$164,462
2016
$2,045 (+3.8%)
$21,221 + $143,241
$164,462
2015
$1,970 (+0.9%)
$20,805 + $140,432
$161,237
2014
$1,952 (+56.6%)
$20,091 + $135,613
$155,704
2013
$1,246 (−35.2%)
$20,091 + $135,613
$155,704
2012
$1,924 (+3.8%)
$10,000 + $90,000
$100,000
2011
$1,854 (+1.4%)
$8,070 + $147,595
$155,665
2010
$1,828 (+2.3%)
$7,912 + $144,701
$152,613
2009
$1,786 (+8.0%)
$7,853 + $143,620
$151,473
2008
$1,655
$7,872 + $143,961
$151,833
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
74 ft.
Lot depth
117 ft.
Lot size
8,658 Sq. Ft.
Year renovated
1983
Sq. Ft.
3,576
Year built
1983
Style
Multi-Family (2-4 Unit)
County
San Bernardino County
APN
0459 491 03 0 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
R-M12
Medium Density Residential District
The Medium Density Residential R-M12 zone district permits a variety of residential development types, including single-family attached townhouses, two-story townhouses, condominiums, and low-density garden apartments. Densities may range up to 12 units per gross acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Educational/school
Park & open space
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 4
# of Parking Spaces: 4
Interior
Laundry Information
Has Laundry
Area
Interior Features
Entry Level: 1
Entry Location: front
Unit Type 1 Information
Unit Key Numeric: 417545540
Listing Key Numeric: 417545530
Actual Rent: $1,195
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,195
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 417545541
Listing Key Numeric: 417545530
Actual Rent: $1,250
Total # of Baths: 2
# of Baths Full: 2
Furnished: Unfurnished
Total # of Beds: 3
# of Garage Spaces: 1
Total Rent: $1,250
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 417545530
Unit Key Numeric: 417545542
Actual Rent: $1,400
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,400
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 417545530
Unit Key Numeric: 417545543
Actual Rent: $1,550
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,550
Total # of Units: 1
Expenses
Trash: $3,000
Total: $20,016
Insurance: $2,500
Water Sewer: $1,920
Multi-Unit Information
Net Operating Income: $46,704
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 3,576
Gross Scheduled Income: $66,720
Gross Income: $66,720
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 1
Operating Expense Percent: $25
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Level with Street, Lot Shape-Rectangular, Front Yard
Property Information
Common Interest: Community Apartment
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 0459491030000
Attached Property
Total # of Stories: 1
Year Built Source: Public Records
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $20,016
Rent Control
Utilities
Utilities Information
Sewer: Septic Type Unknown
Water Source: District/Public
Location
Neighborhood Information
Community Features: Biking
Location Information
Latitude: 34.57989300
Longitude: -117.42447300
Directions: Highway 395 to Bartlett west to Poinciana north to PIQ.
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,576
Stories: —
Lot Size: 8,658 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1983
Year Renovated: 1983
County: San Bernardino County
APN: 0459 491 03 0 000
Home facts updated by county records on Oct 5, 2026
Other
Listing Information
IDX Contact Info: jerrad.schendel@cbcinland.com
Days Active in MLS: 124
Continuous Days Active in MLS: 124
Listing Agent Information
List Agent First Name: Jerrad
List Agent Last Name: Schendel
Co-List Agent First Name: Robert
Co-List Agent Last Name: Basen
Listing Office Information
List Office Name: Coldwell Banker Commercial Rea
Co-List Office Name: Coldwell Banker Commercial Rea
Selling Agent Information
Buyer Agent First Name: Kay
Buyer Agent Last Name: Wachuku
Selling Office Information
Buyer Office Name: WRC REALTY
Around this home
Schools
Westside Park Elementary School
Public K-5 • Assigned • 0.2mi
2/10
Mesa Linda Middle School
Public 6-8 • Assigned • 6.8mi
1/10
Adelanto High School
Public 9-12 • Assigned • 3.5mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
7/10 Heat Factor
6 days above 99° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
16 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Adelanto, CA • 92301
Average low and high temperatures (°F)
59
35
66
41
74
46
75
47
84
55
95
63
99
68
99
69
89
63
82
54
67
42
65
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Adelanto. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$651,000 – $788,000
Reach more buyers when you sell with Redfin. Plus, you'll save $6,851 in fees.