38707 12th St E, Palmdale, CA 93550

Property Description

This is a 38 unit complex (19 on each side) that is fully gated, two pools, security cameras with remote access, and the majority of units have been fully remodeled! One side comes with garages, while the other side has carports. Both structures have new roofs! Property is xeriscaped, and the shrubs and trees are on timers, so easy maintenance. There are two APN's and Addresses for this sale. APN 3015-006-015 and 3015-006-098. The two addresses are 38707 and 38675 12th st. Currently shows a 5.8 CAP, but once the rest of the leases renew at the market rate, you should be at a 6.5! Great opportunity! Currently we have zero vacancies with a waiting list. Rehabs included new flooring, new paint, new Granite Counters and stainless sinks, built-in USB phone charger in the kitchen, plus much more! About 80% of all the units have new HVAC units, hot water heaters, etc. Please call Listing Agent for any questions. Please, do not disturb tenants.