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5101 Harlan St
For Sale $490,000
$490,000
- 8 Units
- Unknown Sq Ft
- 4,972 Sq Ft
- Unknown Cap Rate
Description
***HUGE Price Reduction for a quick Sale!***
Introducing an exceptional investment opportunity: a roughly 5,000-square-foot warehouse for sale, just a block off Lancaster Ave and situated in a Qualified Opportunity Zone (QOZ)! This property is currently configured into eight spacious garage units, each rented out individually.
With tall overhead doors and impressive high ceilings, these large units offer plenty of room for a variety of uses. Presently, all units are leased on a month-to-month basis at significantly below-market rates. Current market rents hover around $700-800 per unit, translating to an impressive potential income of $67,200-76,800 per year!
Seize this amazing chance to elevate your investment strategy—either increase rents for immediate cash flow or vacate the building for your personal use, or mix and match both approaches!
But that’s not all—you're also land banking a prime parcel in an up-and-coming neighborhood. With a new construction apartment complex already underway just two blocks away and a proposed 25-unit apartment building directly across the street, the growth potential for this area is undeniable.
Don’t miss out on this fantastic opportunity to invest in a property with both immediate returns and long-term value!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $490,000 |
| Property Type | Industrial |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 442173000 |
| MLS # | PAPH2415020 |
| Property ID | 321029344 |
| Lot Sqft | 4,972 |
| Zoning | CMX2 |
| Total Units | 8 |
| Days on Market | 114 |
| Original List Price | Unknown |
| Date Updated | January 24, 2025 |
| Date Created | November 06, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Richard M Lauletta an agent of Real Broker, LLC. Lic #RS326446
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Data last updated: February 28, 2025.
Robert Crawford
REAL ESTATE AGENT