Homes for sale - 5036 W Avenue L8, Lancaster, CA 93536

REQUEST A TOUR

In-PersonVirtual Tour

Jeffrey Payatt

jpayatt@gmail.com +1(805) 886-2324

$ 5,200,000

Est. payment | -/mo

56 Beds

56 Baths

30,464 SqFt

Save

$ 5,200,000

Est. payment | -/mo

Save

56 Beds

56 Baths

30,464 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 30,464 sqft

Price per Sqft $170

MLS Listing ID 24-436295

Bedrooms 56

Year Built 1979

Lot Size 1.167 Acres

Acres 1.1674

Property Description

We are pleased to present 5036 W Ave L8, a 34-unit apartment building located in Quartz Hill, California, a charming community in the northern part of Los Angeles County. Built in 1979, the property consists of twelve (12) one-bedroom + one-bathroom units and twenty-two (22) two-bedroom + two-bathroom units.5036 W Ave L8 is located in a peaceful residential area of Quartz Hill. Outdoor enthusiasts can explore the nearby Antelope Valley California Poppy Reserve, which is renowned for its stunning wildflower blooms, especially during spring. For a taste of local history and culture, the nearby Lancaster Museum of Art and History provides exhibits and events celebrating the region's heritage. Quartz Hill is about 60 miles northeast of downtown Los Angeles. It's easily accessible via Highway 14, which connects it to both LA and the high desert, and Interstate 5, linking it to the city and Central Valley. This central location offers a blend of rural charm and convenient access to major urbanamenities.5036 W Ave L8 represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 6.20% with the ability to improve to a 8.91% CAP rate once units turnover.

Location

State CA

County Los Angeles

Area Quartz Hill

Zoning LCR3*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment None

Exterior

Garage Gated

Garage Spaces 64.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 886-2324

jpayatt@gmail.com

5036 W Avenue L8 Lancaster, CA 93536

Jeffrey Payatt

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

5036 W Avenue L8