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518 E Avenue Q4 Palmdale, CA 93550

$1,999,000
0.29 lot
Est payment $10731.06/mo

1 / 23

Multi-Family in Palmdale

****AMAZING INVESTMENT OPPORTUNITY**** *****SERIOUS CASH FLOW***** Prime Location! This Property is located at the heart of Palmdale. This 6 units Apartment Building is facing south & East and overlooking the city light. Premier Rental Market of Palmdale with tremendous rental upside .All units featuring Open Floor Plan with Bright and Airy rooms. Unit comes with covered parking space and easy access to Gated Parking. So convenient! Walking distance to many famous restaurants, supermarkets, pharmacies, hospitals, shops, schools, entertainment. Excellent **CASH FLOW** opportunity! Many new trendy development buildings and constructions are undergoing nearby. Great Potential of increase of the property value! The current in-place rents are all through HAP (Section 8), providing investors tremendous upside and value-add opportunity''

Courtesy Of Rima Rafeh, 661-236-8899, DRE#01748539, eXp Realty of California Inc

0.29 Lot

Main Features

Listing Status: Active
Year Built: 1980
Floors: 2
County: Los Angeles
Units: 6
Zoning: PDR3*
MLS Number:SR23022600

Additional Features

Cooling:
- CentralAir
Laundry:
- CommonArea
Fireplace:
- N
- None
Building Square Feet:
- 5250
Common Walls:
- Item1CommonWall
Construction:
- Stucco
Garage:
- N
Levels:
- Two
New Construction:
- N
Property Subtype:
- MixedUse
Roof:
- Asphalt
View:
- N
- None
Year Built Source:
- Assessor
Fence:
- Block
Lot Description:
- CulDeSac
- Item1115UnitsAcre
Pool:
- None
Spa:
- None
Spa YN:
- false
Carport:
- Y
Parking:
- Carport
Heating:
- Central
Sewer:
- PublicSewer
Utilities:
- SewerConnected
- WaterConnected
Community Features:
- Curbs
- Sidewalks
- StreetLights
Number of Buildings:
- 1
Water:
- Private
Gross Income:
- 116928
Net Operating Income:
- 97992
Terms:
- Cash
- Conventional
CDOM:
- 0
HOA:
- N
Special Conditions:
- Standard
Tenant Pays:
- CableTV
- Electricity
- Gas
Annual Trash Expense:
- 1320
Co Listing Agent Email:
- askmo@therafehgroup.com
DOM:
- 0
Electric Exp:
- 0
Fuel Exp:
- 0
Gross Scheduled Income:
- 116928
Insurance Expense:
- 8436
Listing Service:
- FullService
Listing Type:
- ExclusiveRightToSell
Listing Key:
- 1033292871
Office Co List Name:
- eXp Realty of California Inc
Office Co List Phone:
- 8885849427
Operating Expense:
- 18936
Parcel Number:
- 3008013034
Water Sewer Exp:
- 1320

Price
Term
Interest Rate

Estimated Monthly Payment: $38,769.95*

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Search Nearby Homes

518 E Avenue Q4 Palmdale, CA 93550

$1,999,000
0.29 lot
Est payment $10731.06/mo

Jerry Thomas

27111 Camino de Estrella

Capistrano Beach, CA 92624

518 E Avenue Q4 Palmdale, CA 93550

Property & Neighborhood Info

Multi-Family in Palmdale

Main Features

Additional Features

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518 E Avenue Q4 Palmdale, CA 93550

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