38605 25th St E | Palmdale, CA 93550
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38605 25th St E
Palmdale, CA 93550
4 Units on 31,131 Sq Ft Lot with 7.3% Cap! · Multifamily Property For Sale · 4 Units
INVESTMENT HIGHLIGHTS
- Cash flowing 4 unit building in Palmdale with a cap rate of 7.3% in an opportunity zone!
- Units are completely remodeled and feature new kitchens, bathrooms, in-unit washer/dryers, private backyards, and private attached garages.
- Occupied units are rented to Section 8 tenants, thereby generating consistent cash flow.
- Only subject to AB 1482 rent control (allowing 8.9% annual rent increases) and no City of LA rent control.
- Set on a large lot of appx. ± 31,131 sq. ft. and in a quiet cul-de-sac in central Palmdale
- 1 unit is currently vacant and can be delivered vacant!
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.71 AC |
| Property Type | Multifamily | Building Size | 5,626 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Single-Family Home | Year Built | 1988 |
| Building Class | B |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 5,626 SF |
| No. Stories | 1 |
| Year Built | 1988 |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
PROPERTY TAXES
| Parcel Number | 3018-016-049 | Improvements Assessment | $976,996 |
| Land Assessment | $173,616 | Total Assessment | $1,150,611 |
PROPERTY TAXES
Parcel Number
3018-016-049
Land Assessment
$173,616
Improvements Assessment
$976,996
Total Assessment
$1,150,611
ZONING
| Zoning Code | PDR1* |
| PDR1* |
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