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547 E Avenue Q12

Palmdale, CA 93550
  • $2,400,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: SR25046235
UPDATED: 58 min ago
$2,400,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1981
County:

School Ratings & Info

Listing Agent(s): Jesus Henao of LEOLA Commercial , Inc. (818-570-3301)


Description

Queens Twelve is an 8-unit multifamily property with a 20-year HUD contract that began on July 1, 2023, covering tenant rent payments. The contract is administered by the Los Angeles LOMOD Corporation. The property is professionally managed by Genessy Management, based in Los Angeles.Queens Twelve consists of four 3-bedroom, 2-bath units and four 4-bedroom, 2-bath units, all designed in a townhome style. The property features carport parking and an on-site laundry facility. The current offering reflects a 7.70 CAP rate based on actual financials.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/161035428
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547 E Avenue Q12 Palmdale, CA 93550

  • Price: $2,400,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 58 min ago
  • ID#: SR25046235
0
Beds
0
Baths
0
½ Baths
0.5
Acres
1981
Built
Neighborhood:
PLM - Palmdale
County:
Los Angeles
Area:
PLM - Palmdale
Property Description
Queens Twelve is an 8-unit multifamily property with a 20-year HUD contract that began on July 1, 2023, covering tenant rent payments. The contract is administered by the Los Angeles LOMOD Corporation. The property is professionally managed by Genessy Management, based in Los Angeles.Queens Twelve consists of four 3-bedroom, 2-bath units and four 4-bedroom, 2-bath units, all designed in a townhome style. The property features carport parking and an on-site laundry facility. The current offering reflects a 7.70 CAP rate based on actual financials.
Exterior Features

Carport YN Yes Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Features Carport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 7.7 Common Interest Community Apartment Community Features Storm Drain(s)Street LightsSuburban Garage YN No Gross Income 250460 Gross Scheduled Income 250460 Insurance Expense 14387 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 184917 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Operating Expense 66544 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 7125 Utilities Natural Gas AvailableWater Available Water Sewer Expense 8014 Water Source Public Zoning PDR3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Jesus Henao of LEOLA Commercial , Inc. (818-570-3301)