5036 W Avenue L8
Quartz Hill, CA 93536
56 Beds56 Baths30,464 Sq Ft15 Days on Market
For Sale $5,200,000
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Courtesy of Marcus & Millichap
Listing Agent & Comments
Michael Sterman • Marcus & Millichap
818-212-2784 • Michael.Sterman@marcusmillichap.com License #01911703We are pleased to present 5036 W Ave L8, a 34-unit apartment building located in Quartz Hill, California, a charming community in the northern part of Los Angeles County. Built in 1979, the property consists of twelve (12) one-bedroom + one-bathroom units and twenty-two (22) two-bedroom + two-bathroom units.5036 W Ave L8 is located in a peaceful residential area of Quartz Hill. Outdoor enthusiasts can explore the nearby Antelope Valley California Poppy Reserve, which is renowned for its stunning wildflower blooms, especially during spring. For a taste of local history and culture, the nearby Lancaster Museum of Art and History provides exhibits and events celebrating the region's heritage. Quartz Hill is about 60 miles northeast of downtown Los Angeles. It's easily accessible via Highway 14, which connects it to both LA and the high desert, and Interstate 5, linking it to the city and Central Valley. This central location offers a blend of rural charm and convenient access to major urbanamenities.5036 W Ave L8 represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 6.20% with the ability to improve to a 8.91% CAP rate once units turnover.
MLS# 24436295 • Data provided by CRMLS
Living Area | 30,464 Sq.Ft. |
---|---|
Lot Size | 1.2 Acres |
Total Rooms | -- |
Bedrooms | 56 |
Bathrooms | 56 |
Stories | 2 |
Year Built | 1979 |
Property Type | Multi Family |
Zoning | LCR3* |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $31,851 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,766,675
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties, rental estimate, and sale history
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HouseCanary, Inc. Brokerage
5036 W Avenue L8, Quartz Hill, CA 93536
Multi Family56 Beds56 Baths30,464 Sq Ft15 Days on Market
Listing Agent & Comments
Michael Sterman • Marcus & Millichap
818-212-2784 • Michael.Sterman@marcusmillichap.com License #01911703We are pleased to present 5036 W Ave L8, a 34-unit apartment building located in Quartz Hill, California, a charming community in the northern part of Los Angeles County. Built in 1979, the property consists of twelve (12) one-bedroom + one-bathroom units and twenty-two (22) two-bedroom + two-bathroom units.5036 W Ave L8 is located in a peaceful residential area of Quartz Hill. Outdoor enthusiasts can explore the nearby Antelope Valley California Poppy Reserve, which is renowned for its stunning wildflower blooms, especially during spring. For a taste of local history and culture, the nearby Lancaster Museum of Art and History provides exhibits and events celebrating the region's heritage. Quartz Hill is about 60 miles northeast of downtown Los Angeles. It's easily accessible via Highway 14, which connects it to both LA and the high desert, and Interstate 5, linking it to the city and Central Valley. This central location offers a blend of rural charm and convenient access to major urbanamenities.5036 W Ave L8 represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 6.20% with the ability to improve to a 8.91% CAP rate once units turnover.
MLS# 24436295 • Data provided by CRMLS
Living Area | 30,464 Sq.Ft. |
---|---|
Lot Size | 1.2 Acres |
Total Rooms | -- |
Bedrooms | 56 |
Bathrooms | 56 |
Stories | 2 |
Year Built | 1979 |
Property Type | Multi Family |
Zoning | LCR3* |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $31,851 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $5,200,000
Request tour
Save
Courtesy of Marcus & Millichap
5036 W Avenue L8
Quartz Hill, CA 93536
56 Beds56 Baths30,464 Sq Ft15 Days on Market
Listing Agent & Comments
Michael Sterman • Marcus & Millichap
818-212-2784 • Michael.Sterman@marcusmillichap.com License #01911703We are pleased to present 5036 W Ave L8, a 34-unit apartment building located in Quartz Hill, California, a charming community in the northern part of Los Angeles County. Built in 1979, the property consists of twelve (12) one-bedroom + one-bathroom units and twenty-two (22) two-bedroom + two-bathroom units.5036 W Ave L8 is located in a peaceful residential area of Quartz Hill. Outdoor enthusiasts can explore the nearby Antelope Valley California Poppy Reserve, which is renowned for its stunning wildflower blooms, especially during spring. For a taste of local history and culture, the nearby Lancaster Museum of Art and History provides exhibits and events celebrating the region's heritage. Quartz Hill is about 60 miles northeast of downtown Los Angeles. It's easily accessible via Highway 14, which connects it to both LA and the high desert, and Interstate 5, linking it to the city and Central Valley. This central location offers a blend of rural charm and convenient access to major urbanamenities.5036 W Ave L8 represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 6.20% with the ability to improve to a 8.91% CAP rate once units turnover.
MLS# 24436295 • Data provided by CRMLS
Living Area | 30,464 Sq.Ft. |
---|---|
Lot Size | 1.2 Acres |
Total Rooms | -- |
Bedrooms | 56 |
Bathrooms | 56 |
Stories | 2 |
Year Built | 1979 |
Property Type | Multi Family |
Zoning | LCR3* |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2023 |
Tax Amount | $31,851 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,766,675
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties, rental estimate, and sale history
New
Do you own this home?
Access your homeowner dashboard
For Sale $5,200,000
Request tour
Save
Courtesy of Marcus & Millichap