558 E Avenue Q12 - Apartments FOR SALE


Palmdale, CA 93550
$750,000 USD
909-851-9953
558 E Avenue Q12, Palmdale, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/1
null | 6.4% Cap Rate

558 E Avenue Q12
Palmdale, CA 93550


HIGHLIGHTS

  • Lot allows for the construction of up to 15 units.

OVERVIEW

With a zoning of R3, the lot allows for the construction of up to 15 units, offering significant development potential. The property features three separate water, electric, and gas meters, providing individual utility setups for each unit. Each unit is thoughtfully designed, with the convenience of a private garage and a personal backyard. Parking is available on the street or in front of the units, ensuring accessibility for residents. The great curb appeal adds to the overall attractiveness of the property. Noteworthy improvements include a newer roof for two of the back units and the addition of new copper pipes in one of the back vacant units. The occupied back unit boasts a modern kitchen with a newer backsplash and includes a bar counter. The front unit, being larger in size, offers spacious living quarters. Furthermore, the conversion of the garage into an unpermitted third bedroom with a kitchen and bath in one of the units adds versatility to the property. The complex is well-maintained, reflecting the care and attention invested in its upkeep. Situated in a highly desirable area for commuters, the property's proximity to the freeway, train, and highway, as well as nearby shopping options, enhances its appeal. Overall, this triplex presents a promising investment opportunity with substantial upside potential. This triplex listing presents a lucrative opportunity for potential investors or buyers.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

3

PRICE/UNIT

$250,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,350 SF

ZONING

PDR3-C3*

APN/PARCEL ID

3009-011-014

ASK ABOUT THIS PROPERTY

Abraham PrattellaAgency 8 Real Estate GroupMore Info
909-851-9953

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Abraham PrattellaAgency 8 Real Estate GroupMore Info
909-851-9953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.