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Map
$334,298*
●
Commercial -
Off Market
706 W Milling Street
Lancaster, CA 93534
Studio
0 Bath
8000 Sqft
$225,000 - $275,000
Reference Base Price*
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
This offering memorandum is for a RTB ready project in Lancaster,
consisting of one APN number, 3133-023-025 for a total of 13,939
square foot lot with an approved and permitted building of 8,000
sq. ft. A commercial building with 8 units., each unit will have
individually metered water & electric. Each unit will have its own
access. This future commercial structure precludes a newly
constructed 8-unit commercial building and open parking on the lot
with a 3 to 1 parking ratio. This incredible opportunity offers an
approximate CAP of 10.00% on total project cost, once the
construction is completed and tenants are populated in the building
with a reasonable vacancy rate of 3%, producing substantial, almost
$163,200 Gross Scheduled Annual Income. Please review the
highlights and contact us for a profitable opportunity.
The manager has listed the unit size as 8000 square feet.
The manager has listed the unit size as 8000 square feet.
Unit Size
8,000Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$31
Property Type
Commercial
Property Taxes
-
HOA Dues
$1,667
Year Built
1900
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2020 | No longer available | - | |
| No longer available | |||
| Nov 5, 2019 | Listed | $250,000 | |
| Listed | |||
Property Highlights
Air Conditioning
Parking Available
706 W Milling Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Condo
2
Beds
1.5
Baths
1,380 ft²
$210/ft²
$290,000
Dec 7, 2023
-
$325/mo
Active
Townhouse
2
Beds
1.5
Baths
1,380 ft²
$217/ft²
$299,000
Nov 20, 2023
-
$315/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
04/08/2022
|
|
Loft
|
-
|
-
|
$399,000
Loft
-
|
-
-
|
-
|
Narine Schneider
Nest Seekers
|
|
10/07/2019
|
|
Loft
|
-
|
-
|
$250,000
Loft
-
|
-
-
|
-
|
-
|
Building Info
