Apartments, Pacific West Region

Property Description

No Rent control
In East Palmdale
7 units
Sale price $735,000
100% occupied
built 1981
NOI 45,791


This property is excellent consideration for resale after a reasonable period of time, with some upgrades or cosmetic fixing. Currently listed 112,500. below average sale price in area. Rents are $100 below current market. Current cap rate 6.23%

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.

No Rent control
In East Palmdale 7 units
Lot size:10,935
Building size:6,480
Sale price $735,000
100% occupied
built 1981
NOI 45,791
Seller motivated

MARKET ANAYLIS

Median Units 8
Average Unit mix 2bd/1/ba
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

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