700 W Avenue I | Lancaster, CA 93534
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
700 W Avenue I
Lancaster, CA 93534
Parkwood Apartments · Multifamily Property For Sale
·
90 Units
INVESTMENT HIGHLIGHTS
- EXCELLENT VALUE-ADD OPPORTUNITY - Opportunity to renovate all of the apartment homes and realize approximately 32% of rental upside.
- LIMITED DEVELOPMENT PIPELINE - There are no market rate properties (+50 units) currently under construction in Lancaster
- STRONG SUBMARKET FUNDAMENTALS-Lancaster has seen its population grow by 36.6% over the past 20 years, which is 4.39x the growth rate of LA County.
- A SIZEABLE OFFERING - Total of 90 apartment homes, Parkwood Apartments represents a sizeable offering.
- PREMIER LANCASTER LOCATION - Located just a few blocks(5-10 Minute Walk) from The BLVD, the main entertainment and culture hub of Lancaster.
- ECONOMICALLY ACCESSIBLE MARKET ADJACENT TO LOS ANGELES
PROPERTY FACTS
| No. Units | 90 | Building Size | 73,248 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1983 |
| Building Class | B | Parking Ratio | 2.47/1,000 SF |
| Lot Size | 3.56 AC | ||
| Zoning | R325, Lancaster | ||
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.56 AC |
| Building Size | 73,248 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.47/1,000 SF |
| Zoning | R325, Lancaster |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- Tub/Shower
- Carpet
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Gated
- Package Service
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | - |
| 2+2 | 65 | - | - |
PROPERTY TAXES
| Parcel Number | 3133-029-003 | Improvements Assessment | $15,705,878 |
| Land Assessment | $3,926,469 | Total Assessment | $19,632,347 |
PROPERTY TAXES
Parcel Number
3133-029-003
Land Assessment
$3,926,469
Improvements Assessment
$15,705,878
Total Assessment
$19,632,347
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
