Basics
- Date added: Added 6 months ago
- Category: Multi-Family
- Status: Active
- Bathrooms: 0
- Lot size: 0.45 sq ft
- Year built: 1973
- Lot Size Acres: 0.45 sq ft
- County: Los Angeles
- MLS ID: 24002639
Description
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Description:
Great Quartz Hill Investment Property! Fully Rented 8 unit complex! Centrally located to shopping, bus stops, fast food, banks and more. This Building average rents are well under market. The average rent per unit is $1,376. The average rent should be between $1,700 per month. The monthly income includes $1,500 per year income from the laundry room. This 5% Cap Rate Chart is based upon the yearly net profit of $92,520 per year. This building is fully rented. There are Six 2+2 single story apartments and Two 2+2 townhomes. This building includes a brand new roof and new garage doors. Seven of the units have a single car garage with a new garage door. Unit A has a two car garage. Both unit A and unit G garages are attached. There is a laundry room on the premises and that income is included in the monthly gross income. There are also two garages that are not assigned and could possibly be converted to an ADU.
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Location
- Directions: Take Ave. L to 40th St. West, complex is on South side of street just past 40th St. West
Building Details
- Number Of Units Total: 8
- Roof: Composition
- Construction Materials: Stucco, Wood Siding
Miscellaneous
- Listing Terms: Cash, Conventional
- Compensation Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
- CrossStreet: 40th St West and Ave. L
- Zoning: LCR3*
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Courtesy of
- List Office Name: PMI Antelope Valley