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$ 7,200,000
Est. payment /mo
Active
1218 E Avenue Q Palmdale, CA 93550
48 Beds
24 Baths
23,230 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,230 sqft
Price per Sqft $309
MLS Listing ID 26003423
Bedrooms 48
Year Built 1986
Lot Size 1.210 Acres
Acres 1.21
Source Greater Antelope Valley Association of REALTORS®
Land Area 23230
Property Description
Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry.
Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
Location
State CA
County Los Angeles
Zoning PDR3*
Direction 12th St East and Ave Q
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Tile
Building
Structure Type Stucco,Wood Siding
Nearby Locations
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