$5,750,000

38707/675 E 12th Street

Palmdale CA, 93550

Description

This is a 38 unit complex (19 on each side) that is fully gated, two pools, security cameras with remote access, and the majority of units have been fully remodeled!A full brochure has been attached.One side comes with garages, while the other side has carports. Both structures have brand new roofs!Property is xeriscaped, and the shrubs and trees are on timers, so easy maintenance.There are two APN's and Addresses for this sale. APN 3015-006-015 and 3015-006-098. The two addresses are 38707 and 38675 12th st.Currently shows a 5.8 CAP, but once the rest of the leases renew at the market rate, you should be at a 6.5! Great opportunity!Currently we have zero vacancies with a waiting list.Rehabs included new flooring, new paint, new Granite Counters and stainless sinks, built-in USB phone charger in the kitchen, plus much more!About 80% of all the units have new HVAC units, hot water heaters, etc.Please contact listing agent for more information, do not disturb tenants

Details

MLS#20007373
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1984
Days On Site13

Features

SQ Feet42,120
Units38
Building(s)1
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Area Information
StateCA
CountyLos Angeles
CityPalmdale
Zip Code93550
Area09 - Palm Div to 80th E
Listing VS Median (in 93550)
Price:
$5,750,000
low | high
Med:
$132,450
100% of Average
SqFt:
42,120
low | high
Med:
0
100% of Average
$ / SqFt:
$137
low | high
Med:
$0
100% of Average
On Site:
13
low | high
Med:
75.5
17.218543046358% of Average
Listing Updated: 09/25/2020
Allen Wessel LogoMLS Number: 20007373
Listing Provided By:
Allen Wessel  of  Real Property Management AV