44606 Date Avenue
Lancaster, CA 93534
$25,000.00 (-3.85%)
Active for $625,000
Beds: 5 Baths: 2 Structure Size: 1,800 sqft Lot Size: 7,807 sqft
| MLS | 22201689 |
| Year Built | 1928 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $625,000 |
| Structure Size | 1,800 sqft |
| Lot Size | 7,807 sqft |
| Beds | 5 |
| Baths | 2 |
Description
Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won't work with a tradition loan, as lenders probably won't appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won't work, so this property is not for you. If you can put down like 50% cash, then can work or if a 100% cash buyer then of course. Again, if you want to make a good return on your cash then this property is for you. Also Upside to convert Garage to 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.
Listing information courtesy of: Jason Hurst, EGL Properties Incorporated . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Anika Mardian
REALTOR®
Direct: 818.314.1417
Email: Email Me
DRE: 01324775
DRE #01873088
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