Apartment Properties, Pacific West Region

Property Description

Here are two Apartment properties in Palmdale, in good areas. Well patrolled by the Sheriff to keep crime down, had some problems a few years ago, but not any more. Antelope Valley is their dedication to keeping crime down.

In East Palmdale, No rent control
sale price $745,000.
7 units
100% occupied
NOI 46,000
built 1981
Motivated Seller

This property is excellent consideration for immediate resale after a reasonable period of time, with some upgrades or cosmetic fixing. Currently listed 102,500. below average sale price in area. Rents are $100 below market. Current cap rate 6.18%.

Separate meters for electric and gas. Covered parking. $100 unit upside. Owner looking for fast close. With strong down (35%) Owner may carry a 2nd.

In East Palmdale, No rent control
sale price $745,000.
Lot size: 9,662
Building size: 6,310
7 units
Unit mix: 2bd/2ba
100% occupied
Average rent: 875.
NOI 46,000
built 1981
Motivated Seller

MARKET ANALYSIS

Median Units 7
Average Unit mix 2bd/2ba
Average Building size 6862 SF
Average lot size 15,876SF
Median selling price 450,000 to $1,475,000
Median Value $847,500
Median age 27.5 Years

Images

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.