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150-160 E Lancaster Blvd
Lancaster, CA 93535
Multifamily Property For Sale
·
14 Units
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.52 AC |
| Property Type | Multifamily | Building Size | 9,230 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Zoning | R3-R165O, Lancaster | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 9,230 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | R3-R165O, Lancaster |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
ABOUT 150-160 E LANCASTER BLVD , LANCASTER, CA 93535
Anie Mayelian of KW Commercial presents 150 and 160 East Lancaster. This offering encompasses two contiguous parcels consisting of five 2 bedrooms/ 1 bath and nine 1 bedrooms/ 1 bath apartments. Actual gross income of $169,440 and 7.03% CAP. Magnificent opportunity to own an investment property with great income and no rent control in Lancaster, California. Premier location in City; adjacent to Highway 14, the main freeway connecting the greater Los Angeles area to the Antelope Valley. The Lancaster/Palmdale area is a growing, business-friendly region, and home to several large corporations such as Lockheed Martin, Northrop Grumman, Space X, Boeing, General Dynamics, and NASA. Northrop Grumman is in process of increasing its operations in the area, and rental rates have increased significantly to accommodate the increased demand.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $610,186 | |
| Land Assessment | $152,823 | Total Assessment | $763,009 |
PROPERTY TAXES
