Just Reduced $10, 000 for an even stronger CAP! Searching for the ideal investment or a cozy place to call home? Check out this inviting 2-bedroom, 2-bathroom condo offering 1008 sq. ft. of thoughtfully designed living space. Conveniently located near shops, dining, and entertainment, with quick freeway access for an easy commute. This well-kept property features assigned parking, secure building entry, in-garage laundry, and a private patio for unwinding. Whether you're looking to move in or boost your investment portfolio, this condo shines with a strong 7.25% CAP rate. The current tenant, paying $2, 295/month ($27, 540 annually), is content to stay or move with proper notice. Don't miss this income-generating gem! This property is part of a 6-Property Investment Portfolio, they can be purchased individually or combined with the other units and generate a combined 5.92% CAP. To purchase all the properties in the portfolio please reach out for the list of homes and pricing.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Other Rooms
Appliances
- Laundry Facilities: Garage
- Laundry Features: Garage
Heating and Cooling
- Cooling Features: Central
- Heating Features: Central
Interior Features
- Furnished Description: Unfurnished
- Flooring: Carpet, Laminate
Pool and Spa
- Pool Features: Association Pool
Garage and Parking
- Covered Spaces: 2
- Garage Spaces: 2
- Garage Description: Assigned, Garage - 2 Car
- Parking Total: 2
Land Info
- Lot Size Acres: 0.025551
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 1113
Home Features
- View: Green Belt
- Other Equipment: Dishwasher, Refrigerator
- Security Features: Carbon Monoxide Detector(s), Smoke Detector
Amenities and Community Features
Homeowners Association
- Association: Yes
- Association Fee: 432
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 432
- Association Phone: 6619452822
Multi-Unit Info
Condo Info
- Unit Floor In Building: 1
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Directions: West of Division Street, North of Avenue K
- Source Property Type: Residential
- Area: Lancaster
- Property Subtype: townhouse
- Source Neighborhood: Lancaster
- Parcel Number: 3140-026-012
- Postal Code Plus 4: 4001
- Zoning: LRR326.5U
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1008
- Year Built: 1974
- Building Name: Stanridge Villas
- Common Walls: Attached
- Levels: Two Level
- Living Area Source: Vendor Enhanced
- Property Age: 50
- Levels or Stories: 2
- Structure Type: Attached, Townhouse
- House Style: Traditional
- Year Built Source: Vendor Enhanced