44756 2ND ST, Lancaster, California
44756 2ND ST, Lancaster, California 93535 - We are pleased to present 44756 2nd Street East, located in Lancaster, CA. This 5-unit apartment building was constructed in 1979 and is non-rent control. All of the units are large 2 bedroom 1 bath units, equipped with washer and dryer hookups. There is more than ample garage parking, which may also have storage potential. The property boasts over a 10% cash-on-cash return and only requires a maximum down payment of $106,250 at a 75% loan-to-value. This is a great opportunity for a first time investor to buy in Los Angeles for cash flow! The property is also directly across the street from Antelope Valley High School. Please note, there is a non-conforming bachelor unit.
Listing Courtesy of Marcus & Millichap