2507 W Avenue L - Apartments FOR SALE


Lancaster, CA 93536
$775,000 USD
661-209-1192
2507 W Avenue L, Lancaster, CA for Sale
$775,000 USD
Apartments - FOR SALE
1/48
null | 5.1% Cap Rate

2507 W Avenue L
Lancaster, CA 93536


OVERVIEW

Fantastic Investment Opportunity! Prime location on a 1.15-acre corner lot that has been Re-Zoned with a Commercial OP designation that's located a signalized corner in a Prime West Lancaster location. There is currently an existing Triplex which consists of 4 bedrooms, 2 bath Single Family Home and a detached Duplex consisting of two 1 bedroom, 1-bathroom units. All leases are currently month to month with upside potential on rents. The new Commercial OP Zoning Designation allows for Eating and Drinking Establishment's, Communication Facilities, Financial Institutions, Professional Offices, Retail Sales Establishments and Schools. Collect Rental Income while planning your next re-development investment project.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

3

PRICE/UNIT

$258,333

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

2

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

3112-003-050

ASK ABOUT THIS PROPERTY

Fabian TerraccianoRe/Max All Pro LancasterMore Info
661-209-1192

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Fabian TerraccianoRe/Max All Pro LancasterMore Info
661-209-1192

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.