2900 west avenue 12

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2900 west avenue 12

Lancaster, CA 93636
Asking Price
$4.32M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

4.79 acres high density residential zoning HDR ZONING!! ATTENTION BUILDERS/DEVELOPERS $30k PER CONDO <p><span style="color: rgba(34, 34, 34, 1)">4.79 acres high density residential zoning HDR ZONING!! </span>Ideal for LIHTC, HUD, or NGO grant-backed developments <span style="color: rgba(34, 34, 34, 1)">ATTENTION BUILDERS/DEVELOPERS $30k PER CONDO UNIT THAT THE CITY LETS YOU BUILD! READY TO BUILD 144 to ?it will be $4.32million usd @ 144 units BUILD A LOW RISE MULTI FLOORS !CONDOS ! HDR LAND HIGH DENSITY RESIDENTIAL CONDO/APARTMENT LAND NEXT TO MAJOR subregional 20 ACRE SHOPPING CENTER @ 30TH ST

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NOI
$80,000
Cap Rate
1.85%
DSCR
0.31
Underwater
Cash-on-Cash
-13.62%
Monthly Payment
$21,373.003
Annual Cash Flow
$-176,476.035

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