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Lancaster,CA 93534
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $347
MLS Listing ID 22201689
Bedrooms 5
HOA Y/N No
Year Built 1928
Lot Size 7,805 Sqft
Property Description
Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won't work with a tradition loan, as lenders probably won't appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won't work, so this property is not for you. If you can put down like 50% cash, then can work or if a 100% cash buyer then of course. Again, if you want to make a good return on your cash then this property is for you. Also Upside to convert Garage to 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRR2*
Interior
Heating Wall Furnace
Cooling Evaporative Cooling
Fireplace No
Appliance Dishwasher
Exterior
Garage Driveway
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 3134023022
Special Listing Condition Standard