44335 Lowtree AveLancaster, CA 93534

Property Details for 44335 Lowtree Ave

Year built

1989

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

5,069 SF

Zone code

LRRA7000

Property type

Office buildings

APN

3123-003-087

APU

3123003087

Description

This exceptional freestanding office building presents a unique owner-user opportunity in the desirable Centerpointe Business Park of West Lancaster, California. Situated on a 0.46-acre lot at 44335 Lowtree Avenue, this property offers a combined 3264 square feet of office space. Currently, one suite of 1775 square feet is occupied by a long-term tenant, providing immediate income potential. The second suite, 1500 square feet, will be vacant within a few months, allowing for seamless occupancy by a new owner. The building underwent significant updates approximately nine years ago, including renovations to the 1775 square foot suite. Shared bathrooms are conveniently located centrally. Individual electric and gas meters for each suite simplify utility management. The low-maintenance aspect of this property is a significant advantage. The homeowner's association diligently handles landscaping, water, trash removal, parking lot maintenance, and lighting, minimizing owner responsibilities. Furthermore, the roof was recently replaced with a high-end foam roof, ensuring long-term durability and energy efficiency. The property's location offers convenient access to Antelope Valley Hospital, enhancing its appeal. This rare opportunity to own a professional office building in a prime location, rather than continuing to pay rent, should not be missed. The asking price for this exceptional property is $725,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,609,170

  6.5%

  $1,485,388

  7%

  $1,379,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $963,921

  Geo Method

  $963,921

• Alternative Use

  Use

  Valuation

  Residential

  $1,841,881

  Hospitality

  $1,687,153

  Educational

  $1,403,692

  Medical

  $1,451,967

  Retail

  $2,183,520

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6888

Longitude

-118.154

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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