Quartz Hill, CA 93536,4128 W L
Quartz Hill, CA 93536,4128 W L
Quartz Hill, CA 93536,4128 W L
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$1,585,000

Est.Price: ?

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Est. payment /mo

0.45 Acres Lot


SOLD DATE : 09/11/2024

Key Details

Sold Price $1,585,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24002639

Sold Date 09/11/24

Originating Board Greater Antelope Valley Association of REALTORS®

Year Built 1973

Lot Size 0.450 Acres

Acres 0.45

Property Description

Great Quartz Hill Investment Property! Fully Rented 8 unit complex! Centrally located to shopping, bus stops, fast food, banks and more. This Building average rents are well under market. The average rent per unit is $1,376. The average rent should be between $1,700 per month. The monthly income includes $1,500 per year income from the laundry room. This 5% Cap Rate Chart is based upon the yearly net profit of $92,520 per year. This building is fully rented. There are Six 2+2 single story apartments and Two 2+2 townhomes. This building includes a brand new roof and new garage doors. Seven of the units have a single car garage with a new garage door. Unit A has a two car garage. Both unit A and unit G garages are attached. There is a laundry room on the premises and that income is included in the monthly gross income. There are also two garages that are not assigned and could possibly be converted to an ADU.

Location

State CA

County Los Angeles

Zoning LCR3*

Direction Take Ave. L to 40th St. West, complex is on South side of street just past 40th St. West

Exterior

Roof Type Composition

Building

Structure Type Stucco,Wood Siding

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