42556 8Th StLancaster, CA 93535
- Office properties
- 938 SF
Property Details for 42556 8Th St
- Year built
- 1952
- Construction
- WOOD
- Lot size
- 2.30 AC
- Property size (Sq ft)
- 938 SF
- Zone code
- LRHI
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 3126-015-059
- APU
- 3126015059
Description
This exceptional 1-acre industrial property, located at 42556 8th St E, Lancaster, CA 93535, in Los Angeles County, presents a unique opportunity for contractors or businesses requiring secure outdoor storage. The property is classified as industrial land and features a single-tenant occupancy. The site is completely enclosed by a block wall, providing excellent security for equipment and materials. Its location in Lancaster, California offers convenient access to major transportation routes, making it an ideal base of operations for various construction and industrial activities. The property's one-acre size provides ample space for storage, staging, and maneuvering of heavy equipment. This is a rare opportunity to acquire a secure and well-located industrial yard in a growing area of Los Angeles County. The property is ready for immediate occupancy, offering a cost-effective solution for businesses needing secure outdoor space. The address is easily accessible and well-suited for efficient logistics. This property is zoned for industrial use and is perfect for contractors, construction companies, or businesses requiring secure outdoor storage. The single-tenant occupancy ensures privacy and control over the entire site. Don't miss this chance to secure this valuable asset.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $297,217
- 6.5%
- $274,354
- 7%
- $254,758
-
Comparable approach
- Method
- Valuation
- Relative Method
- $178,370
- Geo Method
- $178,370
-
Alternative Use
- Use
- Valuation
- Residential
- $340,199
- Hospitality
- $311,621
- Educational
- $259,265
- Medical
- $268,181
- Retail
- $403,301
Location Insight
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Latitude
- 34.6563
- Longitude
- -118.114
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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