44606 Date Avenue

Lancaster, CA 93534

$625,000
Price
5
Beds
2
Baths
1,800 Sq. Ft.
$347 / Sq. Ft.
1,800
Sq. Ft.
$347
per Sq. Ft.

Description

Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won't work with a tradition loan, as lenders probably won't appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won't work, so this property is not for you. If you can...Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won't work with a tradition loan, as lenders probably won't appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won't work, so this property is not for you. If you can put down like 50% cash, then can work or if a 100% cash buyer then of course. Again, if you want to make a good return on your cash then this property is for you. Also Upside to convert Garage to 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.
  1. Listed by Jason Hurst • DRE #02067523 • Brokerage DRE #01187406 • EGL Properties Incorporated

Property Details for 44606 Date Avenue

Zoning
LRR2*
Parcel Number
3134023022
Total Units
2.0
Living Area
1800
Source Living Area
Builder
Area
Lancaster (LAC)
Vacancy Rate
0
Lot Size Area
7807
LISTING UPDATED: 01/03/2024 11:51 AM

Property Details for 44606 Date Avenue

StatusActive
MLS #22-201689
Days on Market828
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.18 AC / 7,807 SF
CountyLos Angeles County

Building Information for 44606 Date Avenue

Stories-Residences-Year Built1928Building Size-Lot Size0.18 AC / 7,807 SF

Property Information for 44606 Date Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Rental Units
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $64,680
  • Net Operating Income: $54,680.00
  • Gross Income: $64,680
  • Cap Rate: 7.21%
  • Gross Rent Multiplier: $11.50
  • Actual Annual Gross Rent: $64,680.00
  • Actual Gross Annual Income: $64,680
  • Actual Rent Total: $64,680.00
  • Total Annual Expense: 10800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1792
  • Lot Size Square Feet: 7807
Parking Details
Parking Details
  • Parking Garage: Driveway - Combination
  • Total Parking: 0
  • Parking Features: Driveway - Combination
Interior Features
Interior Features
  • Levels: One
  • Cooling: Evaporative Cooling
  • Cooling Type: Swamp Cooler(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Alarm System, Dishwasher
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-22-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,290.00
  • Unit Actual Rent: $2,290.00
  • Unit Projected Rent: $2,290.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $100.00
  • Unit Actual Rent: $100.00
  • Unit Projected Rent: $100.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $157,058.00
  • Assessed Improvement Percent: 83.15
  • Assessed Land Value: $31,836.00
  • Assessed Land Percent: 16.85
  • Assessed Total Value: $188,894.00

Property History for 44606 Date Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 44606 Date Avenue

Taxable ValueLand$85,427Additions$256,811Total$342,238
Tax Record2024$5,293 ($441 / month)
Home Facts
Total Finished SqFt1,468 SqFtAbove Grade Finished SqFt1,468 SqFtLot Size7,807 SqFtStyleDuplexYear Built1928ZoningLRR2*CountyLOS ANGELESAPN3134-023-022

Schools near 44606 Date Avenue

This home is within Antelope Valley Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Sierra Elementary School
PublicK to 5

Amargosa Creek Middle School
Public6 to 8

Antelope Valley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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44606 Date Avenue is a multi-family home for sale in Lancaster, CA 93534. This property was listed for sale on September 20, 2022 by EGL Properties Incorporated, it's currently listed at $625,000. It has been on the market for a total of 828 days and was last sold on August 31, 2020. This listing's school districts are Antelope Valley Union High School District, Lancaster Elementary School District. Nearby schools include Sierra Elementary School, Amargosa Creek Middle School and Antelope Valley High School. 44606 Date Avenue is a 5-bed, 2-bath, 1,800 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EGL Properties Incorporated, Jason Hurst, DRE #02067523

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.