706 Milling Street

    Lancaster, CA 93534
    • $250,000
    • STATUS: Active
    • ON SITE: 183 days
    • ID#: SR19233538
    UPDATED: 34 min ago
    $250,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    This offering memorandum is for a RTB ready project in Lancaster, consisting of one APN number, 3133-023-025 for a total of 13,939 square foot lot with an approved and permitted building of 8,000 sq. ft. A commercial building with 8 units., each unit will have individually metered water & electric. Each unit will have its own access. This future commercial structure precludes a newly constructed 8-unit commercial building and open parking on the lot with a 3 to 1 parking ratio. 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 $163,200 Gross Scheduled Annual Income. Please review the highlights and contact us for a profitable opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T14:31:21.14. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/99525759

    706 Milling Street Lancaster, CA 93534

    • Price: $250,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: SR19233538
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    Neighborhood:
    LAC - Lancaster
    County:
    Los Angeles
    Area:
    LAC - Lancaster
    Property Description
    This offering memorandum is for a RTB ready project in Lancaster, consisting of one APN number, 3133-023-025 for a total of 13,939 square foot lot with an approved and permitted building of 8,000 sq. ft. A commercial building with 8 units., each unit will have individually metered water & electric. Each unit will have its own access. This future commercial structure precludes a newly constructed 8-unit commercial building and open parking on the lot with a 3 to 1 parking ratio. 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 $163,200 Gross Scheduled Annual Income. Please review the highlights and contact us for a profitable opportunity.
    Exterior Features

    Fencing None Lot Features Level With StreetLot 10000-19999 SqftRectangular LotLevelNear Public TransitValue In Land Lot Size Dimensions 100' X 130' Lot Size Source Assessor Lot Size Units Square Feet Topography Flat View Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Suburban Country Us Distance To Bus Comments Yes Distance To Electric Comments in Street Distance To Gas Comments in Street Distance To Phone Service Comments in Street Distance To Sewer Comments in Street Distance To Shopping Comments Yes Distance To Street Comments Yes Distance To Water Comments At Site Elevation Units Feet Exclusions None Inclusions PlansArchitectural And Active Permits Land Lease YN No Lot Dimensions Source Estimated New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public Zoning Lrc*

    Listing provided courtesy of Janine Koster of Exp Realty Of California Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-03T14:31:21.14. 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 or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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