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44817 Redwood Ave - TRIPLEX PROPERTY! 6 Unit Apartment Building Offered at $729,900 at a 8.30% Cap Rate Lancaster, CA 93534
INVESTMENT HIGHLIGHTS
- close to all amenities
- small distance from the Metrolink station
- cooperating tenants
- walking distance from Antelope Valley High School
- SECTION 8 TENANTS
EXECUTIVE SUMMARY
***TRIPLEX PROPERTY***...Located in West Lancaster. Subject property offers 3 units which consists of 1 unit (3 bedrooms, 1 bathroom),2 unit (2 bedrooms, 1 bathroom), and 3 unit (2 bedrooms, 1 bathroom). Subject property features NEW EXTERIOR PAINT, and a chain link fence for security. Landlord pays for water & trash. All units are currently occupied. Tenants pay for electricity, and gas. The rear unit offers NEW INTERIOR PAINT, NEW CARPET, TILE COUNTERS TOPS in the kitchen, and NEW LAMINATE FLOORING in the kitchen as well. There is also a detached carport for tenants. TENANTS ARE SECTION 8, AND ARE ON A MONTH-MONTH LEASE. SECTION 8 leases will be transferred to the new owner during escrow.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$67,140
|
$1.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,140
|
$1.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,600
|
$0.10
|
| Net Operating Income |
$60,540
|
$0.91
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $67,140 |
| Annual Per SF | $1.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,140 |
| Annual Per SF | $1.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $0.10 |
| Net Operating Income | |
|---|---|
| Annual | $60,540 |
| Annual Per SF | $0.91 |
PROPERTY FACTS
| Price | $729,900 | Lot Size | 0.17 AC |
| Price Per Unit | $121,650 | Building Size | 2,800 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.30% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1963 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | LRR2* | ||
| Price | $729,900 |
| Price Per Unit | $121,650 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 2,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | LRR2* |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Range
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,850 | 1,000 |
| 2+1 | 5 | $1,873 | 900 |
1 1
Walk Score®
Very Walkable (72)
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44817 Redwood Ave - TRIPLEX PROPERTY!
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