Lancaster, CA 93535,42723 3rd ST E
Lancaster, CA 93535,42723 3rd ST E
Lancaster, CA 93535,42723 3rd ST E
Lancaster, CA 93535,42723 3rd ST E
Lancaster, CA 93535,42723 3rd ST E
Lancaster, CA 93535,42723 3rd ST E
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$1,050,000

$1,099,000

4.5%
Est.Price: ?

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Est. payment /mo

1,786 SqFt


SOLD DATE : 10/01/2024

Key Details

Sold Price $1,050,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,786 sqft

Price per Sqft $587

Subdivision Not Applicable - 1007242

MLS Listing ID 224002688

Sold Date 10/01/24

HOA Y/N No

Year Built 1951

Lot Size 1.267 Acres

Property Description

Great investment opportunity located in Lancaster, California. This 1.27-acre lot offers both owner-users and investors a unique investment opportunity to structure a profitable return on investment. The property is currently operating as an Automotive Body and Repair Center, a business that has thrived at this location for over two years and features multiple building structures on the property.There is a main office located at the front entrance and is protected by a fully secured electronic gate with a designated handicap space. Inside the office, there are two showrooms, a kitchen, a bathroom, a bedroom, and two designated office spaces with a full air conditioning unit. Central amenities; There is a fountain lounge area located in the rear of office. Lots of parking available throughout the 1.27-acre lot, with a concrete slab that extends from the entrance to the back of the property, which is great for large transportation trucks.The property includes a manufactured home with 2 bedrooms, 2 bathroom, a kitchen, and a spacious living room. This home is equipped with an air conditioning unit, a furnace, and a privately fenced custom in ground pool with water fountain located in the back. Additional 2 Bedroom guest house with bathroom access is attached to the manufactured home offering additional rental income. There is a separate building structure directly across the home that was formerly used as a sound studio approximately 500 sf. It is equipped with an air conditioning unit and electricity. Great rental potential with these structures in an area that is continuously growing.There are additionally five separate bays which are 20 x 30 ft on the property designed for automotive body and repair work, which 1 is currently rented by a tenant. Two of the bays are 14 ft high. Each bay is equipped with 110/220 volt power, providing a wide range of industrial and mechanical use. There is also a 16-foot high by 20 x 45ft spray booth structure on the property, fully enclosed and equipped with an electrical system, an exhaust system, and a generator. Great for painting and finishing large transportation trucks. Offering owner user or investor additional rental income potential.Zoned Heavy Industrial, this property is ideal for heavy industrial activities such as manufacturing, automotive , warehousing, or distribution. The zoning will allow for a large industrial building to be built, making it a valuable investment opportunity.

Location

State CA

County Los Angeles

Area Lac - Lancaster

Zoning LRHI*

Rooms

Other Rooms Living Quarters

Interior

Heating Combination, Fireplace(s), Zoned

Fireplace No

Laundry Inside

Exterior

Utilities Available Electricity Available

Roof Type Shingle

Building

Lot Description Back Yard

Story 1

Water Public

Additional Building Living Quarters

Others

Tax ID 3126026007

Security Features Fire Detection System,Security Gate,Key Card Entry,Smoke Detector(s)

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Roy Belson • RE/MAX ONE
Bought with Magda Mavian • Evernest Realty Group

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Shaun Hurley

Broker Associate | Lic# 00870450

+1(949) 463-4663

32451 Golden Lantern # 210, Niguel, CA, 92677

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