$1,299,000

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 TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1987
Days On Site87

Features

SQ Feet6,128
Story(s)1
Units5
ZoningLCC3
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Area Information
StateCA
CountyLos Angeles
CityQuartz Hill
Zip Code93536
Area03 - Lancaster West
Listing VS Median (in 93536)
Price:
$1,299,000
low | high
Med:
$45,000
100% of Average
SqFt:
6,128
low | high
Med:
0
100% of Average
$ / SqFt:
$212
low | high
Med:
$0
100% of Average
On Site:
87
low | high
Med:
81
100% of Average
Listing Updated: February 28, 2021 8:02:51 PM PST
Denise Hailstone LogoMLS Number: 20009604
Listing Provided By:
Denise Hailstone  of  Suburban Realty Av Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the The Greater Antelope Valley Association of REALTORS®.