958 E Avenue Q12 - Apartments FOR SALE


Palmdale, CA 93550
$1,195,000 USD
562-234-1964
958 E Avenue Q12, Palmdale, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/16
null | 5.38% Cap Rate

958 E Avenue Q12
Palmdale, CA 93550


HIGHLIGHTS

  • Excellent opportunity to own a low-maintenance apartment at just $200K per unit in a thriving real estate market
  • Priced at below replacement cost at $240 a square foot
  • 1980 construction, buyer to explore any future condo conversion possibilities
  • Garden style 2 level units with spacious unit mix, private balcony, in-unit washer/dryer hookups, & central HVAC
  • Ample parking, separately metered for electricity & gas
  • Features a Walk Score of 70 and it is conveniently located just a short distance from restaurants, parks, and theaters

OVERVIEW

The property at 958 E Avenue Q12 in Palmdale, California, presents a compelling investment opportunity in the multifamily real estate market. Constructed in 1980, this two-story building encompasses six units, totaling approximately 4,974 square feet. The unit mix includes two 2-bedroom, 1-bathroom apartments and four 1-bedroom, 1-bathroom apartments. All units are equipped with in-unit washers/dryers hookups, central HVAC, and private balcony. Ample parking for tenants while gas and electricity are individually metered, enhancing operational efficiency. Priced at below replacement cost at $240 per square foot. Buyer to explore any future condo conversion possibilities.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,167

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,149 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

3009-021-010

ASK ABOUT THIS PROPERTY

Brian GordonLotus Property Services, Inc.More Info
562-234-1964

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

Brian GordonLotus Property Services, Inc.More Info
562-234-1964

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