700 W Avenue I - Apartments FOR SALE
Lancaster, CA 93534 |
700 W Avenue I
Lancaster, CA 93534
HIGHLIGHTS
- EXCELLENT VALUE-ADD OPPORTUNITY - Opportunity to renovate all of the apartment homes and realize approximately 32% of rental upside.
- A SIZEABLE OFFERING - Total of 90 apartment homes, Parkwood Apartments represents a sizeable offering.
- LIMITED DEVELOPMENT PIPELINE - There are no market rate properties (+50 units) currently under construction in Lancaster
- PREMIER LANCASTER LOCATION - Located just a few blocks(5-10 Minute Walk) from The BLVD, the main entertainment and culture hub of Lancaster.
- STRONG SUBMARKET FUNDAMENTALS-Lancaster has seen its population grow by 36.6% over the past 20 years, which is 4.39x the growth rate of LA County.
- ECONOMICALLY ACCESSIBLE MARKET ADJACENT TO LOS ANGELES
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Parkwood Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
73248
STORIES
2
YEAR BUILT
1983
PARKING SPACES
181
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
3133-029-003
