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5036 W Avenue L8
Lancaster, CA 93536
Desert Rose Apartments · Multifamily Property For Sale
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34 Units
Investment Highlights
- Excellent Unit Mix Consisting of Mostly 2 Bedroom Units
- Central AC/Heat. On-Site Laundry, Secured/Covered Parking, Spacious Units
- Very Attractive Going in Cap Rate of 6.20% with Potential of Up to 8.91%
- 1979 Construction - Priced Below Replacement Cost at $170/Foot
- Very Low Turnover Submarket
- Significant Upside in Rents
Property Facts
| No. Units | 34 | Lot Size | 1.17 AC |
| Property Type | Multifamily | Building Size | 30,464 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | B | ||
| Zoning | LCR3* | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.17 AC |
| Building Size | 30,464 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | LCR3* |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+2 | 22 | - | - |
Property Taxes
| Parcel Number | 3102-022-029 | Improvements Assessment | $1,416,727 |
| Land Assessment | $60,559 | Total Assessment | $1,477,286 |
Property Taxes
Parcel Number
3102-022-029
Land Assessment
$60,559
Improvements Assessment
$1,416,727
Total Assessment
$1,477,286
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