706 Milling Street

    Lancaster, CA 93534
    • $250,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: SR19238719
    UPDATED: 55 min ago
    $250,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,000
      SQFT
    • $31
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    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 2019-11-15T16:33:46.32. 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/99715092

    706 Milling Street Lancaster, CA 93534

    • Price: $250,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: SR19238719
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    8,000
    SQFT
    $31
    $/SQFT
    1900
    Built
    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

    Lot Features 0-1 Unit/AcreLot 10000-19999 Sqft Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Proposed Cap Rate 10.00 Country Us Gross Scheduled Income 163200.00 Land Use OfficeOther Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 130560.00 Operating Expense 20.00 Property Sub Type Office Special Listing Conditions Standard Vacancy Allowance 3 Water Source Public

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T16:33:46.32. 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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