1218 E Avenue QPalmdale, CA 93550
Los Angeles County
Description
Rare High-Upside Value-Add Opportunity! 24-Unit Apartment Complex with 6 VACANT Units Ready for Immediate Lease-Up. All Units have been Upgraded. Perfect for an Investor Looking to Capture Instant Equity and Rapidly Increase Cash Flow. Strong 2 Bed and 1 Bath Unit with High Rental Demand. Significant Upside Through Leasing Vacant Units at Market Rents and Repositioning Remaining Units. Existing Ownership Pays Water and Trash Clear Path to Improving NOI Through Expense Pass-Throughs. Additional Income Potential from On-Site Laundry. Property Offers Carport Parking and Private Balconies on Upstairs Units, Enhancing Tenant Appeal and Rent Premiums. Ideal for Experienced Investor Seeking a Heavy Value-Add or Stabilization Play with Major Income Growth Potential. Sold As-Is. Buyer to Verify all Information. Do Not Disturb Tenants.
Property Information
- Property type
- Residential Income
- Year built
- 1986
- Building area
- 23,230 Sq Ft
- Lot size
- 1.21 acres
- Zoning
- PDR3*
- Days on market
- 159
- MLS® Listing#
- 26003423
Property Features
- Cooling
- Central Air
- Heating
- Central
- Construction
- Stucco · Wood Siding
- Roof
- Tile
- Parcel number
- 3015-011-033
Directions
12th St East and Ave Q
Listing Courtesy: Berkshire Hathaway HomeServices Troth, REALTORS - 6619484646
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