706 W Milling Street

    Lancaster, CA 93534
    • $449,000
    • STATUS: Active
    • ON SITE: 178 days
    • ID#: SR18294479
    UPDATED: 74 min ago
    $449,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,000
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    RTI-ready project in Lancaster, consisting of 3 APN numbers, 3133-023-016, 3133-023-017 and 3133-023-025 for a total of approximately14,000 square foot lot and a potential of building an 8,000 sq. ft commercial building with 8 units. This future commercial structure precludes a newly constructed 8-unit commercial building and open parking on the lot.This incredible opportunity offers an approximate CAP of 10.00% on total project cost,once the construction is completed and tenants are populated in the building with a reasonable vacancy rate of 3%, producing substantial, almost $160K Gross Scheduled Annual Income. Please review the highlights and call us directly if interested.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T14:33:52.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/90197367

    706 W Milling Street Lancaster, CA 93534

    • Price: $449,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: SR18294479
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    8,000
    SQFT
    $56
    $/SQFT
    1900
    Built
    Neighborhood:
    LAC - Lancaster
    County:
    Los Angeles
    Area:
    LAC - Lancaster
    Property Description
    RTI-ready project in Lancaster, consisting of 3 APN numbers, 3133-023-016, 3133-023-017 and 3133-023-025 for a total of approximately14,000 square foot lot and a potential of building an 8,000 sq. ft commercial building with 8 units. This future commercial structure precludes a newly constructed 8-unit commercial building and open parking on the lot.This incredible opportunity offers an approximate CAP of 10.00% on total project cost,once the construction is completed and tenants are populated in the building with a reasonable vacancy rate of 3%, producing substantial, almost $160K Gross Scheduled Annual Income. Please review the highlights and call us directly if interested.
    Exterior Features

    Lot Features Lot 10000-19999 SqftValue In Land Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 3133-023-0163133-023-025 Additional Parcels YN Yes Building Area Units Square Feet Building Status Proposed Cap Rate 10.00 Country Us Gross Scheduled Income 163200.00 Land Lease YN No Land Use IndustrialOfficeRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 117504.00 Operating Expense 40800.00 Property Sub Type Office Special Listing Conditions Standard Vacancy Allowance 4896 Vacancy Allowance Rate 3.00 Water Source Public Zoning Lrpr

    Listing provided courtesy of Nerses Ananyan of Titus Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T14:33:52.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003