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1140 E Avenue Q12

Palmdale, CA 93550
  • $2,000,000
  • STATUS: Closed
  • ON SITE: 326 days
  • ID#: 20-611276
Sold - 10/29/2020
$2,000,000
SOLD - 10/29/2020
  • 28
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,960
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1988
County:
Area:

School Ratings & Info

Description

We are proud to present 14 units located at 1140 E Avenue Q12 in Palmdale, California. The property sits on 23,922 SF lot with 12,960 SF of rentable area and is comprised of an excellent mix of 12 spacious two bedroom / two bathroom units and 2- two bedroom / one and a half bathroom two story townhomes. The property has been extensively renovated and features on-site gated parking, balconies, fireplaces, new A/C units and additional income from the property owned coin laundry room. This property was on the market in 2019 where we received over a dozen offers and went in and out of escrow a few times. The issue that kept coming up was that the roof was old and there were some leaking issues. The sellers decided to take the property off the market, spend an estimated $100,000, and completely replace the roof.

Sold by Filip Niculete BRE#01905352 of Marcus & Millichap.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-21T07:42:18.547. 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.
www.randyplaice.com/homes/108360570
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1140 E Avenue Q12 Palmdale, CA 93550

  • Price: $1,995,000
  • Status: Closed
  • Updated: 85 min ago
  • ID#: 20-611276
28
Beds
0
Baths
0
½ Baths
0.55
Acres
12,960
SQFT
$0
$/SQFT
1988
Built
Neighborhood:
Palmdale
County:
Los Angeles
Area:
Palmdale
Property Description
We are proud to present 14 units located at 1140 E Avenue Q12 in Palmdale, California. The property sits on 23,922 SF lot with 12,960 SF of rentable area and is comprised of an excellent mix of 12 spacious two bedroom / two bathroom units and 2- two bedroom / one and a half bathroom two story townhomes. The property has been extensively renovated and features on-site gated parking, balconies, fireplaces, new A/C units and additional income from the property owned coin laundry room. This property was on the market in 2019 where we received over a dozen offers and went in and out of escrow a few times. The issue that kept coming up was that the roof was old and there were some leaking issues. The sellers decided to take the property off the market, spend an estimated $100,000, and completely replace the roof.
Exterior Features

Lot Size Area 23922 Other Structures Other Parking Garage Other Total Parking 14

Interior Features

Baths Total 27.00 Cooling Other Equipment Other Heating Other Laundry Other

Property Features

Assessed Total Value 662341 Gross Income 194688 Gross Operating Income 193647 Like Units1 12 Like Units2 2 Net Operating Income 127722.00 Number Of Buildings 2 Number Of Units 14 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 68925 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Pdr1*

Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-21T07:42:18.547. 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.
 
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Randy Plaice and Associates | RE/MAX Gateway
27720 Dickason Drive
Valencia CA, 91355