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Beth Schneider

beth.a.schneider@exprealty.com +1(435) 757-1937

$ 570,000

Est. payment -/mo

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12529 E Avenue V10 Pearblossom, CA 93553

5 Beds

5 Baths

4,733 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 4,733 sqft

Price per Sqft $120

MLS Listing ID MB26218424

Style Craftsman,Craftsman/Bungalow

Bedrooms 5

Full Baths 5

Year Built 1952

Lot Size 0.819 Acres

Property Sub-Type All Other Attached

Property Description

Seller is willing to offer concessions. ATTENTION INVESTORS! Great opportunity to own a fully occupied 5-unit income-producing property in Pearblossom! The current monthly income is $4,175. Here is the breakdown of the rental income: $1075, $700, $1,000, $700, $700 per month. This is the type of property investors have been looking for. Strong rental potential, existing tenants, and rents that are currently BELOW MARKET, offering an excellent opportunity to increase cash flow and value over time. The property offers approximately 4,733 sq. ft. of living space and is situated on a 35,651 sqft lot with LCR3 zoning. All 5 units are currently occupied and generating $4,175 in monthly income. This is a true VALUE-ADD opportunity for an investor willing to put in some TLC and improvements. This is a great FIXER, HANDYMAN SPECIAL, CONTRACTOR SPECIAL, or renovation opportunity depending on your investment strategy. Great opportunity to BUY, IMPROVE, and BUILD EQUITY while collecting rental income. Bring your contractors, handyman, property manager, or investment team and explore the possibilities. Potential for converting to Section 8 and increased rents and improved income through renovations and better management. Buyer to independently verify all zoning, permits, square footage, unit count, rental income, development potential and other property information with the appropriate agencies. MOTIVATED SELLER! Properties like this rarely offer the combination of 5 existing units, current occupancy, below-market rents and value-add potential. Ideal for an investor looking for a rental

Location

State CA

County Los Angeles

Community Horse Trails

Direction North of 138 Pearblossom Highway. For asccess, drive around to the alley 12533 Avenue V-9, Pearblossom, CA 93553

Interior

Heating Wall/Gravity

Cooling Electric

Flooring Carpet, Linoleum/Vinyl, Tile

Fireplace No

Appliance Gas Oven

Laundry Gas, Washer Hookup

Exterior

Garage Spaces 5.0

View Y/N Yes

Total Parking Spaces 5

Building

Story 1

Sewer Unknown

Level or Stories 1

Others

Senior Community No

Tax ID 3038015027

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=TziEvfwwzEY

Listed by TIM MARAIS, DRE#02130924 ROCKCAL REAL ESTATE
Co-listed byNON LISTED OFFICE

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