38262 6Th StPalmdale, CA 93550

Property Details for 38262 6Th St

Year built

1955

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

3,228 SF

Zone code

PDM1*

Property type

Retail properties

Property subtype

Retail space

APN

3009-013-010

APU

3009013010

Description

This exceptional investment opportunity is located on a highly desirable commercial corridor in Palmdale, California. The property features a 3,228 square foot retail building comprised of four independently metered units, providing flexibility and potential for diverse tenant occupancy. The 0.16-acre lot (approximately 7,000 square feet) offers ample on-site parking, ensuring convenient loading and unloading for tenants and customers. Recent upgrades include the installation of energy-efficient mini-split air conditioners in each unit, contributing to lower operating costs and enhanced tenant comfort. The property's numerous upgrades translate into a high-yielding, low-maintenance investment, minimizing ongoing expenses for the new owner. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio. The property's prime location and modern amenities make it an attractive proposition for a variety of retail businesses. The independently metered units allow for efficient utility management and potential for increased rental income. The ample parking significantly enhances the property's appeal to both tenants and customers. This turnkey investment is ready for immediate occupancy and offers a strong return on investment. Don't miss this chance to acquire a valuable commercial property in a thriving Palmdale location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,508,688

  6.5%

  $1,392,635

  7%

  $1,293,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,546,868

  Geo Method

  $1,546,868

• Alternative Use

  Use

  Valuation

  Residential

  $1,174,740

  Hospitality

  $1,076,055

  Educational

  $895,265

  Medical

  $926,055

  Retail

  $1,392,635

Location Insight

City

Palmdale

County

Los Angeles

State

California

Latitude

34.577

Longitude

-118.118

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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