Listed By:
1210 Meadow View Lane, Lancaster, CA
$ 34,000,000
Property Attributes
  • MLS#CV23041625
  • TypeMulti-Family
  • CityLancaster
  • AreaLancaster
  • Zip93534
  • StyleTraditional
  • Price$ 34,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage122713
  • Lot Size9.8815 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Excellent Lancaster Apartment Property Located in an Opportunity Zone! These Bread & Butter Units will Provide and Investor with Long Term Passive Income. This Private & Gated Community Offers Garden-Style Apartments Featuring Pool, Spa, Clubhouse and Leasing Office! Excellent Mix with Spacious One and Two Bedroom Units, Private Patios and/or Balconies! There are 19 Buildings Consisting of 8 Units Each! 228 Covered Carports & 75 Surface, Community Coin Laundry Facilities, Playground and More! Park Like Grounds with Mature Trees, Grass Areas and Beautiful Landscaping Throughout! Close Proximity to CA 14 Freeway and Regional Antelope Valley Hospital! Huge Upside Potential with Value Add & Below Market Rents!!!

Price History
3/15/2023 Listed $34,000,000

General Features

Additional Parcels Description 3123012045
Additional Parcels Y/N Yes
Appliances BuiltInRange, GasOven, GasRange, WaterHeater
Architectural Style Traditional
Assoc Fees 0.0
Association Amenities Clubhouse, Playground, Pool, SpaHotTub
Association Y/N No
Attached Garage No
Building Area Units SquareFeet
Cap Rate 5.66
Carport Y/N Yes
City Lancaster
Community Features Sidewalks, Pool
Construction Materials Frame, Stucco
Cooling CentralAir
County Los Angeles
Days on Market 261
Directions East of Highway 14 and South of W Ave J-8
Disclosures Easements, PrincipalisRealEstateLicensed
Electric Item220VoltsinLaundry, Item220VoltsForSpa, Standard
Electric Expense 59818.0
Fuel Expense 0.0
Garage Spaces 0.0
Garage Y/N No
Gross Income 2722829.0
Heating ForcedAir
Home Warranty Y/N No
Insurance Expense 40000.0
Interior Features CathedralCeilings, OpenFloorplan
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Levels One
Listing Terms Cash, CashtoNewLoan, Conventional, Contract, Item1031Exchange
Lot Size Square Feet 430437.0
MLS Area LAC - Lancaster
Maintenanceexpense 29570.0
Mobilehomeremainsyn No
Net Operating Income 1924147.0
New Construction No
Open Parking Spaces 75.0
Operating Expense 798681.0
Pool Features Community, InGround, Association
Private Pool No
Property Attached Y/N Yes
Property Sub Type Additional Apartment
Property SubType Apartment
Property Type ResidentialIncome
Rent Control Y/N Yes
Roof Composition
Security Features CarbonMonoxideDetectors, SecurityGate, SmokeDetectors
Senior Community Y/N No
Sewer PublicSewer
Spa Features Community, InGround
Special Listing Conditions Standard
Standard Status Active
Status Active
Stories 1
Street Name Meadow View
Tax Lot 1
Taxes 374000.0
Tenant Pays Electricity, Gas
Total Units 152
Trash Expense 50000.0
Utilities ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View ParkGreenbelt, Neighborhood
View Y/N Yes
Water Sewer Expense 64000.0
Waterfront Y/N No
Year Built 1986
Year Built Source Assessor

Interior Features

Air Conditioning Y/N Yes
Basement (Y/N) No
Common Walls Item1CommonWall
Electric On Property Y/N No
Fireplace Features None
Fireplace Y/N No
Flooring Carpet, Laminate, Tile
Heating Y/N Yes
Laundry Features CommonArea, WasherHookup, GasDryerHookup, LaundryRoom, SeeRemarks
Street Suffix Lane
Total Stories 2
Window Features Blinds, Screens

Exterior Features

Building Area Total 122713.0
Crops Included Y/N No
Door Features SlidingDoors
Fencing Security, WroughtIron
Foundation Details Slab
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Features ClosetoClubhouse, CulDeSac, Greenbelt, IrregularLot, Lawn, SprinklersTimer, SprinklerSystem, StreetLevel
Lot Size Acres 9.8815
Lot Size Area 430437.0
Lot Size Source Assessor
Lot Size Units SquareFeet
Number of Buildings 21
Number of Separate Electric Meters 153
Number of Separate Gas Meters 153
Number of Separate Water Meters 20
Open Parking Y/N No
Parking Features Carport, DetachedCarport, Paved
Pool Charge 5000.0
Road Frontage Type CityStreet
Road Surface Type Paved
Spa Yes
Total Parking 303.0
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 93534

AVG $6.17M
AVG 65
Data Provided by Inside Real Estate®
Year Built
AVG 1952

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