We are pleased to present 44756 2nd Street East, located in Lancaster, CA. This 5-unit apartment building was constructed in 1979 and is non-rent control. All of the units are large 2 bedroom 1 bath units, equipped with washer and dryer hookups. There is more than ample garage parking, which may also have storage potential. The property boasts over a 10% cash-on-cash return and only requires a maximum down payment of $106,250 at a 75% loan-to-value. This is a great opportunity for a first time investor to buy in Los Angeles for cash flow! The property is also directly across the street from Antelope Valley High School. Please note, there is a non-conforming bachelor unit.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
