6,987 Sqft Lot
6,987 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26076938
HOA Y/N No
Year Built 1955
Lot Size 6,987 Sqft
Property Sub-Type Retail
Property Description
(MU3) zoned property offers excellent visibility and long-term upside. The building consists of four units; two are vacant and lease-ready, ideal for an owner-user or to quickly increase cash flow at market rents. The remaining two units are occupied by month-to-month tenants, providing immediate income with flexibility for future repositioning. Each unit is separately metered and features updated flooring, interior paint, and an individual mini-split heating & cooling system plus a wall furnace. The property has been very well maintained, including a full roof replacement approximately 10 years ago, contributing to lower ongoing capital expenses. Situated on a lot just shy of 7,000 SF, the property includes a secured rear parking area with gated access and ADA-compliant upgrades, enhancing both tenant convenience and regulatory compliance. With low maintenance requirements and tenants responsible for their own repair and maintenance, this asset is well-suited for investors seeking stable income with minimal management overhead. Positioned in a highly desirable commercial location with strong foot and vehicle traffic, this property offers excellent potential for retail, office, or mixed-use applications in one of Palmdale's most active business areas. Don't miss this value-add opportunity in a growing market!
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning MU3
Interior
Heating Ductless, Electric, Heat Pump, Wall Furnace
Cooling Ductless, Electric, Heat Pump
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Flat,Rolled/Hot Mop
Present Use Commercial
Building
Lot Description 0-1 Unit/Acre, Level, Near Public Transit, Paved
Story 1
Water Public
Others
Tax ID 3009013010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/shorts/L9HYc-J7Iok
Lease Land No
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA