Multi Family homes for sale & real estate in South Downtown Lancaster, CA

Multi Family Home for sale in South Downtown Lancaster, CA:

Check out this awesome investment opportunity in Downtown Lancaster! This property contains of three separate/detached single family homes (904, 908, 912). Rents are great (see schedule) and location is near the Blvd and convenient to schools, shopping and the 14 Freeway. NOTE: Adjacent Vacant Lot to the South APN 3133-016-064 is INCLUDED.

Multi Family Home for sale in South Downtown Lancaster, CA:

44520 Date Ave is a 2 Bd 1 Ba. & very large Bonus room in House w/ fireplace Tenant owns wash/dryer/ has laundry hookups. current Rent $2,500 mo. The Rear Bldg. (2) 1 bd-1ba units) 44518 Date Ave. rent is $00 mo and 44522 Date Ave. $750 mo to mo leases, with capped off laundry hookups. Nice Lot (for tenants use) behind house separates second building. All Tenants are on mo to mo leases. 2 Parking spaces (is in rear attached parking structure for 1 bd units) and in front house has 2 plus. Buyer responsible to verify any/all information. Do not disturb tenants please. Front house built 1950 Rear Units building built in 1957.

Multi Family Home for sale in South Downtown Lancaster, CA:

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

Multi Family Home for sale in South Downtown Lancaster, CA:

$86,052 a YEAR: 12.29% GROSS RENT INCOME PROPERTY Garage can be converted to 1 br or 2br unit, so still has upside. Low risk tenant, 3 VASH or SEC 8 Most rent paid by LA COUNTY HOUSING OFFICE. THERE IS LIKE VERY LITTLE RENTAL RISK ON THIS PROPERTY. High Cash Flow and Upside to add 1 more unit.