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1210 Meadow View Lane

Lancaster, CA 93534
  • $34,000,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: CV23041625
UPDATED: 114 min ago
$34,000,000
  • 0
    BEDS
  • 9.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
LAC - Lancaster
Type:
Multi-Family
Built:
1986
County:
Los Angeles
Area:
LAC - Lancaster

School Ratings & Info

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Listing Agent(s): Eric Eide of Re/Max Masters Realty (909-364-8380)


Description

Excellent Lancaster Apartment Property Located in an Opportunity Zone! These Bread & Butter Units will Provide and Investor with Long Term Passive Income. This Private & Gated Community Offers Garden-Style Apartments Featuring Pool, Spa, Clubhouse and Leasing Office! Excellent Mix with Spacious One and Two Bedroom Units, Private Patios and/or Balconies! There are 19 Buildings Consisting of 8 Units Each! 228 Covered Carports & 75 Surface, Community Coin Laundry Facilities, Playground and More! Park Like Grounds with Mature Trees, Grass Areas and Beautiful Landscaping Throughout! Close Proximity to CA 14 Freeway and Regional Antelope Valley Hospital! Huge Upside Potential with Value Add & Below Market Rents!!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-26T00:27:15.007. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
www.bestlahomefinder.com/homes/137712995
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1210 Meadow View Lane Lancaster, CA 93534

  • Price: $34,000,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 114 min ago
  • ID#: CV23041625
0
Beds
0
Baths
0
½ Baths
9.88
Acres
1986
Built
Neighborhood:
LAC - Lancaster
County:
Los Angeles
Area:
LAC - Lancaster
Property Description
Excellent Lancaster Apartment Property Located in an Opportunity Zone! These Bread & Butter Units will Provide and Investor with Long Term Passive Income. This Private & Gated Community Offers Garden-Style Apartments Featuring Pool, Spa, Clubhouse and Leasing Office! Excellent Mix with Spacious One and Two Bedroom Units, Private Patios and/or Balconies! There are 19 Buildings Consisting of 8 Units Each! 228 Covered Carports & 75 Surface, Community Coin Laundry Facilities, Playground and More! Park Like Grounds with Mature Trees, Grass Areas and Beautiful Landscaping Throughout! Close Proximity to CA 14 Freeway and Regional Antelope Valley Hospital! Huge Upside Potential with Value Add & Below Market Rents!!!
Exterior Features

Architectural Style Traditional Carport YN Yes Construction Materials FrameStucco Fencing SecurityWrought Iron Foundation Details Slab Lot Features Close To ClubhouseCul-De-SacGreenbeltIrregular LotLawnSprinklers TimerSprinkler SystemStreet Level Number Of Separate Electric Meters 153 Open Parking Spaces 75 Parking Features CarportDetached CarportPaved Parking Total 303 Pool Features CommunityIn GroundAssociation Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features CommunityIn Ground Spa YN Yes View Park/GreenbeltNeighborhood View YN Yes

Interior Features

Appliances Built-In RangeGas OvenGas RangeWater Heater Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Door Features Sliding Doors Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Forced Air Heating YN Yes Interior Features Cathedral Ceiling(S)Open Floorplan Window Features BlindsScreens

Property Features

Additional Parcels YN Yes Association Amenities ClubhousePlaygroundPoolSpa/Hot Tub Association Fee 0 Association YN No Cap Rate 5.66 Common Interest Community Apartment Community Features SidewalksPool Disclosures Easement(S)Principal is Real Estate Licensed Electric 220 Volts in Laundry220 Volts For SpaStandard Electric Expense 59818 Fuel Expense 0 Garage YN No Gross Income 2722829 Gross Scheduled Income 2722829 Insurance Expense 40000 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer HookupLaundry RoomSee Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContract1031 Exchange Maintenance Expense 29570 Net Operating Income 1924147 New Construction YN No New Taxes Expense 374000 Number Of Separate Gas Meters 153 Number Of Separate Water Meters 20 Operating Expense 798681 Other Expense 5793 Pest Control Expense 1842 Pool Expense 5000 Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Security GateSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 6000 Tenant Pays ElectricityGas Trash Expense 50000 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 64000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-26T00:27:15.007. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
 
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RE/MAX Masters
475 E. Badillo Street
Covina CA, 91723
Listing Agent(s): Eric Eide of Re/Max Masters Realty (909-364-8380)