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950 E Palmdale BLVD Palmdale, CA 93550
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Key Details
Sold Price $1,310,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 13,577 sqft
Price per Sqft $96
MLS Listing ID SR23223012
Sold Date 04/12/24
HOA Y/N No
Year Built 1988
Annual Tax Amount $16,812
Tax Year 2023
Lot Size 0.998 Acres
Acres 0.9976
Property Sub-Type Business
Property Description
Strategically positioned in the heart of Palmdale for maximum visibility and exposure. Close to commuter rail and Sierra Highway, offering ease of commuting. Flexible office layout, with some units on a month-to-month basis, making it an ideal candidate for an owner-user investor utilizing SBA financing with a low down payment. Surrounded by restaurants, entertainment, and shopping centers. Convenient access to 14 and 138 highways for enhanced connectivity. There are 11 occupied units and 2 units are currently vacant. The annual income is based on fully occupancy. Total Annual Income $153,828 , NOI $90,402, Cap 6.50%, Building Size: 13,577 sq ft, Rentable area: 12,782 sq ft , Lot Size: 43,456 sq ft , Year Built: 1988 , Parking spaces: 65 , Zoning: PDC3 (Planned Development Commercial) , APN: 3009-025-026.
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning PDC3
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Utilities Available Sewer Connected
Building
Lot Description Rectangular Lot
Story 2
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
SIGN ON PROPERTY 1
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Nader Naderi
SHOW CONTACT PH 8184898955
SHOW INSTRUCTIONS Drive by or call the listing agent
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