38463 9Th StPalmdale, CA 93550

Property Details for 38463 9Th St

Year built

1957

Construction

TILT-UP CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

4,428 SF

Zone code

PDC3*

Property type

Retail properties

Property subtype

Retail space

APN

3008-034-001

APU

3008034001

Description

This exceptional 4,428 square foot commercial property, situated on a 0.11-acre lot at 38463 9th Street in the heart of Palmdale, CA, presents a compelling owner-user or investment opportunity. The building boasts a prime location just off a heavily trafficked thoroughfare, ensuring high visibility and accessibility. Currently, three tenants are operating under triple net (NNN) leases, providing a stable income stream. A corner unit is currently vacant, offering immediate potential for increased revenue through leasing or owner-occupancy. Significant improvements have recently been undertaken, enhancing the property's value and appeal. These upgrades include a complete electrical system overhaul, a new roof, a comprehensive security camera system, and fresh interior and exterior painting. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an attractive investment prospect with significant upside potential. The asking price is $860,000. This is a motivated seller situation, so serious inquiries are encouraged. Don't miss this chance to acquire a well-maintained, income-producing commercial property in a thriving Palmdale location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,068,602

  6.5%

  $1,909,479

  7%

  $1,773,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,121,912

  Geo Method

  $2,121,912

• Alternative Use

  Use

  Valuation

  Residential

  $1,610,717

  Hospitality

  $1,475,408

  Educational

  $1,227,522

  Medical

  $1,269,738

  Retail

  $1,909,479

Location Insight

City

Palmdale

County

Los Angeles

State

California

Latitude

34.5814

Longitude

-118.115

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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