Lancaster, CA 93534,44424 10th ST
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Lancaster, CA 93534,44424 10th ST
Lancaster, CA 93534,44424 10th ST
Lancaster, CA 93534,44424 10th ST
Lancaster, CA 93534,44424 10th ST

$643,000

Est. payment /mo

$675,000

4.7%
Est.Price: ?

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44424 10th ST Lancaster, CA 93534

5,854 SqFt

SOLD DATE : 07/24/2020

Key Details

Sold Price $643,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 5,854 sqft

Price per Sqft $109

MLS Listing ID 20-562318

Sold Date 07/24/20

Year Built 1959

Lot Size 0.517 Acres

Property Description

Medical Offices Building for Sale at a 8.21% CAP Rate (with market rent for vacancy). Three long-term tenants. All great tenants. One unit vacant. Anchor tenant is Care 1st Health Plan / Promise Health Plan (Blue Shield of California). About 16± parking spaces in the front and about 24± parking spaces in the back. Assessor lists the two APNs at 22,500 SF but 2,000 SF or so are an easement for 10th Street - Buyer to verify. Partial utilities being reimbursed and included in income. Unit 1 - 3,150sf at $3,600/month with $850/month in Utility Reimbursement. Unit 2 - 850sf at $865/month. Unit 3 - 700sf at $690/month with $185/month in Utility Reimbursement. Unit 4 - 1,154sf - Vacant - Projected at $1,150. Another Medical Offices Building half a mile away at 867 Lancaster Blvd. can be packaged with this one and delivered vacant.

Location

State CA

County Los Angeles

Area Lancaster

Zoning LRC3*

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Compass
Bought with Compass
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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