Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

Quick Search

    5036 Avenue L8, Lancaster, CA 93536
    Image Gallery
    Property Photos
    5036 Avenue L8
    1. Image 0 of 8 For 5036 Avenue L8
    2. Image 1 of 8 For 5036 Avenue L8
    3. Image 2 of 8 For 5036 Avenue L8
    4. Image 3 of 8 For 5036 Avenue L8
    5. Image 4 of 8 For 5036 Avenue L8
    6. Image 5 of 8 For 5036 Avenue L8
    7. Image 6 of 8 For 5036 Avenue L8
    8. Image 7 of 8 For 5036 Avenue L8
    Contact Silva Babaian
    Contacting Silva Babaian
    • All fields are required.
    Schedule A Showing
    Schedule a Showing.
    • All fields are required.
    Check this box to Register with us:
    Request more information
    • MLS#: 24436295 ( )
    • Street Address: 5036 Avenue L8
    • Viewed: 11
    • Price: $5,200,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1979
    • Bldg sqft: 0
    • Days On Market: 140
    • Additional Information
    • County: LOS ANGELES
    • City: Lancaster
    • Zipcode: 93536
    • Provided by: Marcus & Millichap
    • Contact: Michael Michael
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      We are pleased to present 5036 W Ave L8, a 34 unit apartment building located in Quartz Hill, California, a charming community in the northern part of Los Angeles County. Built in 1979, the property consists of twelve (12) one bedroom + one bathroom units and twenty two (22) two bedroom + two bathroom units.5036 W Ave L8 is located in a peaceful residential area of Quartz Hill. Outdoor enthusiasts can explore the nearby Antelope Valley California Poppy Reserve, which is renowned for its stunning wildflower blooms, especially during spring. For a taste of local history and culture, the nearby Lancaster Museum of Art and History provides exhibits and events celebrating the region's heritage. Quartz Hill is about 60 miles northeast of downtown Los Angeles. It's easily accessible via Highway 14, which connects it to both LA and the high desert, and Interstate 5, linking it to the city and Central Valley. This central location offers a blend of rural charm and convenient access to major urbanamenities.5036 W Ave L8 represents a unique value add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 6.20% with the ability to improve to a 8.91% CAP rate once units turnover.
    Request More Information
    • All fields are required.
    Features
    Building Area Total
    1. 30464.00
    Cooling
    1. Central Air
    Country
    1. US
    Heating
    1. Central
    Levels
    1. Two
    Netoperatingincome
    1. 308210.00
    Parcel Number
    1. 3102022029
    Parking Features
    1. Gated
    Sourcesystemkey
    1. 24-436295:CLAW
    Totalexpenses
    1. 243340.00
    Views
    1. 11
    Year Built
    1. 1979
    Zoning
    1. LCR3*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836