tomo logo

$1,050,000

Beds
9
Baths
4.0
sq ft
4,092

860 E Avenue J12, Lancaster, CA 93535

860 E Avenue J12

Lancaster, CA 93535

  • 112 days on market
    • Price drop $150,000↓
Discover an exceptional investment opportunity with this refurbished 4-plex. Producing excellent rental income. Each of the recently updated units features a well-thought-out design, including one single-level 3+2 unit perfect for families, two spacious townhouse-style 2+1.5 units for added privacy, and one upper-level 2+2 unit. This property includes ample parking with 4 carport spaces, 4 garage spaces, and additional street parking. Tenants will enjoy the convenience of on-site laundry facilities and attractive front landscaping. Located within walking distance to schools, shopping, and public transportation, this 4-plex is perfectly positioned to attract tenants. Act quicklya"opportunities like this are rare! Contact us today to learn more or schedule a viewing.

Details

Property type

Est. home value

$825,439

Lot size

0.24 acres

Price per sq ft

$257

Year built

1983

Price History

08/05/2024
Antelope

Antelope #24005627

Price change
$1,050,000
-12.5%
07/30/2024
Antelope

Antelope #24005627

Listed
$1,200,000
+46.16%
09/20/2023
Antelope

Antelope #23000985

Sold
$821,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$362,351
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$603,649
Cash to seller
$362,351

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Luxury Mortgage Corp

Loan start date

March 2023

Original loan amount

$615,750

Est. remaining balance

$603,649

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Abimbola Ogbechie and Olu Famuyibo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 4:25 PM

Listing updated: 10/22/2024 at 8:30 PM

Listed by: Steven Burton, Steven Burton, Steven Burton, Keller Williams Realty A.V. Phone #: (661) 538-2800

MLS: Antelope #24005627

Antelope logo

Recently listed in Lancaster

$515,000|4 bd|3.0 ba|House
$649,900|4 bd|3.0 ba|House
$380,000|3 bd|2.0 ba|House
$345,000|3 bd|1.0 ba|House
$365,000|3 bd|2.0 ba|House
$415,000|3 bd|1.0 ba|House
$420,000|3 bd|2.0 ba|House
$497,000|3 bd|2.0 ba|House
$525,000|4 bd|2.75 ba|House
$430,000|3 bd|2.0 ba|House

Explore top cities in California