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38707 12th ST Palmdale, CA 93550
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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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