South Downtown Lancaster, CA homes for sale & real estate

South Downtown Lancaster, CA home for sale

''2 HOUSES FOR 1'' Move in ready special. Buy one and rent the other. Desirable West Lancaster home in this beautiful neighborhood. Main house is Well kept and up to date with Open layout with sitting area and dining room upon entry. With 4 Bedroom and 2 bathrooms plus a bonus room that can be used as an office. Laminate flooring throughout the house. All bedrooms show great size with a shared updated bathrooms. Laundry room is spacious with lots of storage. All plumbing is newer. Roof is about 9 years old. ADU in the back shows great size with its kitchen dining area and sleeping room. In the bathroom you will conveniently find Laundry hook ups. Studio like living. Updated and roughly a 6

South Downtown Lancaster, CA home for sale

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

South Downtown Lancaster, CA home for sale

+12.29% GROSS RENT INCOME PROPERTY!!!!!! UPDATE 1 SEPT 24 rent increase: to $7171 a month or $86,052 a YEAR: Price is solid $700,000 as making over $83,000 a year rent: 2 Sec 8 VASH units and 1 PATH unit, most rent paid from LA COUNTY and org. Garage can be converted to 1 br or 2br unit, so still has upside. Do your inspections so you know building in sound, check out leases, when 100% sure you want to buy this property, then we open escrow for a 10 to 15 day close so your $700,000 can make $83,892 a rental income a year = +11.98% Low risk tenant, High Cash Flow and Upside to add 1 more unit. What more do you want?

South Downtown Lancaster, CA home for sale

Endless possibilities on this 9.19 acre parcel. Perfect for developer, investment or family homestead. Property features easy freeway access. Close to schools, parks and shopping. Per city of Lancaster zoning is equal to R7000