44606 Date Avenue
Lancaster, CA 93534
1800 sqft | 5 beds | 0.18 acres | #22201689
Description
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 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$650,000
- MLS #22201689
- MLS #22201689
- Acres0.1792
- Cost625000
- Square Feet1800
- Year Built1928
- Bedrooms5
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jason Hurst (#CLW-C130620)
Listing Office: EGL Properties Incorporated (#CLW-L02503)
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