Lancaster, CA 93534 44606 Date Avenue
$625,000
16 more
Presented By: Jason Hurst with EGL Properties Incorporated
Home Details
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.
Presented By: Jason Hurst with EGL Properties Incorporated
Interior Features for 44606 Date Avenue
Bedrooms
Total Bedrooms5
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Street SuffixAvenue
Total Stories
General for 44606 Date Avenue
AppliancesDishwasher
Buyer Agent Compensation1.500
Buyer Agent Compensation Type%
Cap Rate7.21
CityLancaster
CoolingEvaporative Cooling
CountyLos Angeles
Days on Market470
DirectionsNear Corner of Date st
Gross Income64680
HOA / Comm AssnNo
HeatingWall Furnace
LevelsOne
Lot Size Square Feet7807
MLS AreaLAC - Lancaster
Net Operating Income54680
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Street NameDate
Total Units2
Year Built1928
ZoningLRR2*
Exterior for 44606 Date Avenue
Building Area Total1800
Lot Size Acres0.1792
Lot Size Area7807
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings2
Parking FeaturesDriveway
Total Parking0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480