Palmdale, CA 93550,38707 12th ST
$5,750,000
$5,750,000
Est.Price: ?

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1.95 Acres Lot

38707 12th ST Palmdale, CA 93550

Est. payment /mo
SOLD DATE : 12/16/2020

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Key Details

Sold Price $5,750,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CNSR20190923

Sold Date 12/16/20

Originating Board CRISNet

Year Built 1984

Lot Size 1.955 Acres

Property Description

This is a 38 unit complex (19 on each side) that is fully gated, two pools, security cameras with remote access, and the majority of units have been fully remodeled! One side comes with garages, while the other side has carports. Both structures have new roofs! Property is xeriscaped, and the shrubs and trees are on timers, so easy maintenance. There are two APN's and Addresses for this sale. APN 3015-006-015 and 3015-006-098. The two addresses are 38707 and 38675 12th st. Currently shows a 5.8 CAP, but once the rest of the leases renew at the market rate, you should be at a 6.5! Great opportunity! Currently we have zero vacancies with a waiting list. Rehabs included new flooring, new paint, new Granite Counters and stainless sinks, built-in USB phone charger in the kitchen, plus much more! About 80% of all the units have new HVAC units, hot water heaters, etc. Please call Listing Agent for any questions. Please, do not disturb tenants.

Location

State CA

County Los Angeles

Area Plm - Palmdale

Rooms

Kitchen Oven Range, Garbage Disposal, Hood Over Range

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Laminate

Laundry Community Facility, Washer/Dryer - Leased

Exterior

Parking Features Assigned Spaces, Gate / Door Opener, Detached Garage, Garage, Other

Garage Spaces 69.0

Pool Community Facility, Pool - Gunite, Pool - In Ground

Roof Type Other,Composition,Flat / Low Pitch

Building

Lot Description Grade - Level

Foundation Concrete Slab

Water District - Public

Others

Tax ID 3015006098

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by George Wessel • Allen Wessel Real Estate Inc
Bought with Jesus Henao

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agent

Deven Siggins

Agent | License ID: 01989481

+1(831) 508-9596

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