4128 Avenue L, Quartz Hill, CA 93536
8 Unit Apartment Building | $1,850,000 ($231,250/Unit) | 5% Cap Rate | Quartz Hill, CA 93536
For Sale
Active
3 pictures
Asking Price $1,850,000
- Property Type
-
Multifamily
- Square Feet
- 7,684 SF
Listing Contacts
Howard Harris
- Property Info
Property Overview
Great Quartz Hill Investment Property! Fully Rented 8 unit complex! This Building average rents are well under market rents. The average rent per unit is $1,376. The average rent should be between $1,700 per month. The 3% rent increases will take effect between 9/1 and 10/1. The monthly income includes $1,500 per year from the laundry room. This 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 should be easily converted to an ADU. LCR3*
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Lot Size (sq. ft)
- 20,038 SF
- Units
- 8
Highlights
- Highly Desirable Quartz Hill Location, directly across the street from a large shopping center.
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