$2,400,000
For Sale

547 E Avenue Q12

Palmdale, CA 93550
0.50 acres | #SR25046235
Listing OfficeLEOLA Commercial , Inc.
Browse 11 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

Queens Twelve is an 8-unit multifamily property with a 20-year HUD contract that began on July 1, 2023, covering tenant rent payments. The contract is administered by the Los Angeles LOMOD Corporation. The property is professionally managed by Genessy Management, based in Los Angeles.
Queens Twelve consists of four 3-bedroom, 2-bath units and four 4-bedroom, 2-bath units, all designed in a townhome style. The property features carport parking and an on-site laundry facility. The current offering reflects a 7.70 CAP rate based on actual financials.

  • Property Details
      • Utility FeaturesNaturalGasAvailable, WaterAvailable
      • Lot DescriptionSixToTenUnitsAcre
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$2,400,000
      • MLS #SR25046235
      • MLS #SR25046235
      • Property SubtypeApartment
      • Sewer InformationUnknown
      • Cost2400000
      • Acres0.5046
      • Utility SourcePublic
      • Year Built1981
      • Stories2

Location

Rami ElminoufiReal Estate Group
OR

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20.0%

Interest Rate

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5.0%

Tax Rate

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1.3%
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