45122 Trevor AveLancaster, CA 93534
- Retail properties
- 2,400 SF
Property Details for 45122 Trevor Ave
- Year built
- 1951
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 2,400 SF
- Zone code
- LRM1*
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 3138-004-011
- APU
- 3138004011
Description
This exceptional investment opportunity encompasses two buildings situated on four contiguous parcels totaling 9,641 to 10,293 square feet of land in Lancaster, California. The property, located at 45122-45134 Trevor Ave, 93534, features a fully operational, turn-key auto body repair shop complete with a spray booth. The combined square footage of the buildings ranges from 2,400 to 3,200 square feet, built in 1951 and 1953. The expansive, gated lot provides ample space for overflow parking, a significant advantage for a business of this nature. The property is zoned LRM1 and benefits from a tenant currently operating under a flexible lease agreement. This presents a unique opportunity for both owner-users seeking to establish or expand their auto repair business and investors looking for a strong cash-flowing asset. The seller is offering financing options, making this an even more attractive proposition. The property's location in Los Angeles County, within the city of Lancaster, offers excellent accessibility and visibility. The APN numbers are 3138-004-009
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,118,157
- 6.5%
- $1,032,145
- 7%
- $958,420
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,150,088
- Geo Method
- $1,150,088
-
Alternative Use
- Use
- Valuation
- Residential
- $870,653
- Hospitality
- $797,513
- Educational
- $663,522
- Medical
- $686,341
- Retail
- $1,032,145
Location Insight
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Latitude
- 34.7031
- Longitude
- -118.134
- 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
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