1140 E Avenue Q12
The LA Apartment Advisors are proud to present 14 units located at 1140 E Avenue Q12 in Palmdale, California. The property sits on 23,922 SF lot with 12,960 SF of rentable area and is comprised of an excellent mix of 14 spacious two bedroom / two bathroom units. The property has been extensively renovated and features on-site gated parking, balconies, fireplaces, new A/C units and additional income from the property owned coin laundry room.
A high CAP rate deal, with approximately 20% upside in rents, this offering is a rare opportunity for an investor to buy a turn-key property in an up and coming Palmdale location. With the great income the property brings in, an investor would only need an estimated 25% down payment ($562,500) in order to get a fully amortized loan with a 3.85% interest rate. Utilizing this loan quote, an investor can expect a cash-on-cash return of 5.78% and after principle reduction, a total return of 11.20%.
This offering is perfect for the investor who wants to own a high cash flowing turn-key property with easy management and zero deferred maintenance