$643,000
$675,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
44424 10th ST Lancaster, CA 93534
5,854 SqFt
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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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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