1210 Meadow View LnLancaster, CA 93534

This exceptional 152-unit apartment building in Lancaster, CA, presents a compelling value-add investment opportunity. Located at 1210 Meadow View Ln, 93534, this Class C property boasts 122,713 square feet across 19 two-story buildings, built in 1986. Currently operating at 84% occupancy, the property generates a Net Operating Income (NOI) of $1,625,876, with a current cap rate of 4.78%. A pro-forma analysis projects a significant increase in NOI to $2,280,898 and a cap rate of 6.71%, highlighting substantial upside potential through improved management and vacancy reduction. The property features desirable amenities including a pool, spa, clubhouse, recreation room, BBQ grills, and gated, secured access. Its convenient location offers close proximity to the 14 Freeway and Antelope Valley Hospital. The asking price is $34,000,000, translating to $223,684 per unit. The property is zoned LRRP D70001 and has an APN of 3123-012-045, 046. This garden-style townhome community presents a strong investment opportunity in a growing market, offering significant potential for value appreciation and increased cash flow. The property's current performance and projected improvements make it an attractive addition to any portfolio.