44943 10th W, Lancaster, CA 93534
44943 10th W, Lancaster, CA 93534
44943 10th W, Lancaster, CA 93534
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$570,000
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6,969 Sqft Lot
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44943 10th W Lancaster, CA 93534

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26155246

HOA Y/N No

Year Built 1961

Lot Size 6,969 Sqft

Property Sub-Type Office

Property Description

Attention 1031 Residential Income buyers. Welcome to your next step up - small commercial property, and Triple Net leases, where strong credit tenants pay all the bills, returns are guaranteed, and maintenance, repairs and tenant complaints don't exist! 44943 10th St West is a well located 2200 sq ft building with 11 rooms comprising 8 small offices with rents ranging from $600-$1200 per office. Located within the Lancaster Bl. special entertainment district, the building enjoys city clean up squads, bicycle patrols and all the amenities Lancaster Bl has to offer: Shops, restaurants, theatres, museums, outdoor dining all along the Aerospace walk of fame. Cleanliness and security are high priorities for business friendly government. The building tenants include long term leases with LA County-(HSA); METROLink secured contracts for 2 tenants; the sellers (40 year) thriving business and several local licensed small businesses to spread out diversity and risk. The building comes with adequate (12) parking spaces, two zone central HVAC as well as 8-individual climate controlled ''mini-splits'' in each unit to keep conserve resources and keep costs down. All units, as well as both bathrooms, have been updated to modern laminate or tile flooring. One bathroom includes a bonus shower. The building also includes a small common break area. Seller is offering a sale-leaseback scenario. With a 5 year fully guaranteed, absolute triple net lease, the buyer should have years of all costs: Taxes, Insurance, Utilities, Maintenance, Repairs paid, generating a 10% (10 cap) cash on cash return. Buyer will enjoy equity appreciation and no costs or headaches for the foreseeable future. Try getting that from apartment investments! No broken pipes. No tenant disputes. No leaky roof. No surprise repairs. Just enjoy a 10% return while your property increases in value. Hassle free. You're welcome...

Location

State CA

County Los Angeles

Area Lac - Lancaster

Interior

Heating Central, Electric, Heat Pump, Natural Gas

Cooling Central Air, Ductless, Electric, Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Fence None

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Rolled/Hot Mop

Total Parking Spaces 12

Building

Lot Description Level, Near Public Transit, Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 3121002027

Acceptable Financing 1031 Exchange, Lease Back

Listing Terms 1031 Exchange, Lease Back

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steve Di Pressi Urban Resources Consulting 661-860-6066, DRE #00918402

NEARBY SCHOOL & BUSINESS

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Irasema Page

Irasema Page

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+1(619) 227-8309

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44943 10th W