150 E Lancaster Boulevard

    Lancaster, CA 93535
    • $1,520,000
    • STATUS: Closed
    • ON SITE: 100 days
    • ID#: SR18213498
    Sold - 12/12/2018
    $1,520,000
    SOLD - 12/12/2018
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,230
      SQFT
    • $165
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Price reduced by $100,000. Actual gross income of $169,440 and 7.03% CAP. This offering encompasses two contiguous parcels of 150 and 160 East Lancaster consisting of five 2 bedrooms/ 1 bath and nine 1 bedrooms/ 1 bath apartments. Magnificent opportunity to own an investment property with great income and no rent control in Lancaster, California. Premier location in City; adjacent to Highway 14, the main freeway connecting the greater Los Angeles area to the Antelope Valley. The Lancaster/Palmdale area is a growing, business-friendly region, and home to several large corporations such asLockheed Martin, Northrop Grumman, Space X, Boeing, General Dynamics, and NASA. Northrop Grumman is in process of increasing its operations in the area, and rental rates have increased significantly to accommodate the increased demand.

    Sold by Joseph Soaris BRE#00778825 of Keller Williams Silicon Beach.

    Monthly Payment Calculator



    Based on information from CARETS as of 2018-12-13T23:47:16.563. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/87162290

    150 E Lancaster Boulevard Lancaster, CA 93535

    • Price: $1,625,000
    • Status: Closed
    • ID#: SR18213498
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    9,230
    SQFT
    $165
    $/SQFT
    1957
    Built
    Neighborhood:
    Lancaster (LAC)
    County:
    Los Angeles
    Area:
    Lancaster (LAC)
    Property Description
    Price reduced by $100,000. Actual gross income of $169,440 and 7.03% CAP. This offering encompasses two contiguous parcels of 150 and 160 East Lancaster consisting of five 2 bedrooms/ 1 bath and nine 1 bedrooms/ 1 bath apartments. Magnificent opportunity to own an investment property with great income and no rent control in Lancaster, California. Premier location in City; adjacent to Highway 14, the main freeway connecting the greater Los Angeles area to the Antelope Valley. The Lancaster/Palmdale area is a growing, business-friendly region, and home to several large corporations such asLockheed Martin, Northrop Grumman, Space X, Boeing, General Dynamics, and NASA. Northrop Grumman is in process of increasing its operations in the area, and rental rates have increased significantly to accommodate the increased demand.
    Exterior Features

    Carport Spaces Total 14 Common Walls Detached/No Common Walls Garage Spaces Total 0.0 Lot Description SidewalksStreet Lighting Open Other Spaces Total 14 Pool Descriptions No Pool

    Interior Features

    Laundry Locations Laundry AreaCommunity Levels One Level Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 2

    Property Features

    Buyer Financing Cash To New Loan Cap Rate 7.03 Country United States Of America Expense Electric 1471.00 Expense Gas 408.00 Expense Insurance 5588.00 Expense Maintenance 4200.00 Expense Operating 52061.00 Expense Other 2000.00 Expense Other Description Reserves Expense Pest 840.00 Expense Tax 20312.00 Expense Total Annual 52061.00 Expense Trash 5084.00 Expense Water 2174.00 Gross Rent Multiplier 9.59 Gross Scheduled Income 169440.00 Hoa YN N Income Other Desc Storage Laundry Income 1800.0 Listing Terms Cash To New Loan Lot Size Source Public Records Monthly Gross Income 169440.00 Net Operating Income 114206.00 Number Electric Meters 16 Number Gas Meters 16 Number Of Buildings 2 Number Water Meters 1 Other Income1 9000.0 Professional Management 5029.0 Special Conditions Standard Sale Unit Monthly Rent01 775.00 Unit Monthly Rent02 7000.00 Unit Monthly Rent03 1025.00 Unit Monthly Rent04 1060.00 Unit Monthly Rent05 3360.00 Unit Projected Total Monthly Rent01 950.00 Unit Projected Total Monthly Rent02 7600.00 Unit Projected Total Monthly Rent03 1250.00 Unit Projected Total Monthly Rent04 1250.00 Unit Projected Total Monthly Rent05 3750.00 Unit Total Monthly Rent01 775.00 Unit Total Monthly Rent02 7000.00 Unit Total Monthly Rent03 1025.00 Unit Total Monthly Rent04 1060.00 Unit Total Monthly Rent05 3360.00 Unit Type01 1 Unit Type02 8 Unit Type03 1 Unit Type04 1 Unit Type05 3 Units Total In Complex 14 Vacancy Allow Dollar 3172.0 Vacancy Allow Percent 2.0 Water Water DistrictPublic Zoning Lrr3-R165oo*

    Listing provided courtesy of Anie Mayelian DRE#00778825 of Keller Williams Encino-Sherman.


    Based on information from CARETS as of 2018-12-13T23:47:16.563. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381