Multifamily
5036 W Ave L8
5036 W Ave L8, Lancaster, CA 93536
Listing Price: $5,200,000
Cap Rate
5.93%
Number of Units
34
GRM
9.15
Price/Unit
$152,941
Price/Gross SF
$170.69
Gross SF
30,464
Investment Overview
.
5036 W Ave L8
Investment Highlights
- Excellent Unit Mix Consisting of Mostly 2 Bedroom Units
- 1979 Construction - Priced Below Replacement Cost at $170/Foot
- Central AC/Heat. On-Site Laundry, Secured/Covered Parking, Spacious Units
- Very Low Turnover Submarket
- Very Attractive Going in Cap Rate of 6.20% with Potential of Up to 8.91%
- Significant Upside in Rents
Exclusively Listed By
Financing By
Listing Price: $5,200,000
Cap Rate
5.93%
Number of Units
34
GRM
9.15
Price/Unit
$152,941
Price/Gross SF
$170.69
Gross SF
30,464
Investment Highlights
- Excellent Unit Mix Consisting of Mostly 2 Bedroom Units
- 1979 Construction - Priced Below Replacement Cost at $170/Foot
- Central AC/Heat. On-Site Laundry, Secured/Covered Parking, Spacious Units
- Very Low Turnover Submarket
- Very Attractive Going in Cap Rate of 6.20% with Potential of Up to 8.91%
- Significant Upside in Rents
Investment Overview
.
Exclusively Listed By
Financing By
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