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Property Description

Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won’t work with a tradition loan, as lenders probably won’t appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won’t work, so this property is not for you. If you can put down like 50% cash, then can work or if a 100% cash buyer then of course. Again, if you want to make a good return on your cash then this property is for you. Also Upside to convert Garage to 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.

Features
: Wall Furnace
: Evaporative Cooling
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0
Additional Information
EGL Properties Incorporated
0
CLW-C130620
CLW-L02503
Jason
3134023022
: Standard
One
32

Multi-Family For Sale

44606 Date Avenue, Lancaster, California 93534

1,800 Sqft
$625,000
Listing ID #22201689
Basic Details
Status : Active
DaysOnMarket : 470
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 22201689
Price : $625,000
Living Area : 1,800 Sqft
Lot Size : 7,807 Sqft
Year Built : 1928
Country : US
State : California
County : Los Angeles
City : Lancaster
Zipcode : 93534
Price Per Square Foot : $347
ModificationTimestamp : 2024-01-03 12:18:38
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