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$570,000
SR26155246 MLS Active Status
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...

44943 10th W, Lancaster

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.