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43943 12th St West
Lancaster, CA 93534
Asking Price
$835K
Asset Type
Residential Land
Class
Class B
What's Special
Multi-family Development opportunity located in "Opportunity Zone" <ul><li>Rare development opportunity! The subject property is fully improved and ready for grading as entitled under CUP 06-07 along with a confirmation letter of same from the City of Lancaster.</li><li>The site offers a great in-fill location, centrally located, close to major retail shopping that includes the new Sprouts Farmer's Market store, along with financial institutions and a number of restaurants.</li><li>The development of a 24-unit senior apartment project on the site. This scena
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NOI
$80,000
Cap Rate
9.58%
DSCR
1.61
Strong
Cash-on-Cash
12.15%
Monthly Payment
$4,131.124
Annual Cash Flow
$30,426.507
