42116 W 50th Street,
Quartz Hill CA, 93536
Description
What an incredible oppurtunity for the right investor! Tenants have been tenants for many years, although ALL are currently on mo/mo. Building is fully occupied and has been operating through out the Covid-19 problem. Owner replaced entire roof within the past 12 years. All AC/FAU roof mounted units have been replaced (except one). Property has front street parking and rear building access (with back doors to every unit) with plenty of additional parking (access off of L-14). Though rents are somewhat low (CAP Rate 5), may be just what you're looking for, downtown commercial. Two southern units were ''Desert Stars Dance Studio'' for decades, re-occupied by Fit Trainer & Quartz Hill Yoga. North half fully occupied by 5th Avenue Salon. All excellent tenants who have all with flexibility weathered Covid. Sale is subject to a seller 1031 Tax Deferred Exchange (up-leg already identified). Awesome opportunity for investors! This may be just what you've been looking for! Submit all offers!
Details
| MLS# | 20009604 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 87 |
Features
| SQ Feet | 6,128 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Zoning | LCC3 |
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Learn More About This Property
| Area Information | |
|---|---|
| State | CA |
| County | Los Angeles |
| City | Quartz Hill |
| Zip Code | 93536 |
| Area | 03 - Lancaster West |
| Listing VS Median (in 93536) | |
Price: $1,299,000 low | high Med: $45,000 SqFt: 6,128 low | high Med: 0 $ / SqFt: $212 low | high Med: $0 On Site: 87 low | high Med: 81 | |
MLS Number: 20009604Listing Provided By:
Denise Hailstone of Suburban Realty Av Inc