Marcus & Millichap is pleased to present for sale a seven (7) unit multifamily property located at 440 East Avenue Q-3, located in Palmdale, California. The subject property is located west of Sierra Highway, and south of East Avenue Q.
The Antelope Valley is a region located in northern Los Angeles County, which lies between the Tehachapi and San Gabriel Mountains. The City of Palmdale is emerging as one of the most rapidly growing and thriving communities with over 170,000 residents. Antelope Valley is surrounded by a vast arid landscape that evokes the golden age of western movies. The city's growth has made it one of the fastest-growing cities in America. For a day’s trip inspiration, set off into the Antelope Valley for stark and beautiful desert scenery, or ascend the San Gabriel Mountains, which receive plenty of snowfall in the winter. Palmdale residents enjoy a comfortable hometown feel with a strong family orientation, excellent education system and abundant recreational opportunities in a safe environment. Local amenities include both the Antelope Valley and Palmdale Super Malls, which offer some of the most expansive dining and retail destinations in the area.
Built in 1982, the subject property is a two-story building that consists of one (1) one-bedroom/ one-bathroom unit and six (6) two-bedroom/ one-bathroom units. Tenants of the property enjoy full on-site parking, as well as dominant access to commuting routes and various amenities. The proximity of the property to both Sierra Highway and the 14 Freeway offers convenient access to both Santa Clarita to the south, and Lancaster to the north.
This offering presents an excellent opportunity for any investor to acquire and capitalize on significant upside in a core neighborhood within the emerging region of the Antelope Valley.
