44073 Sierra Highway

    Lancaster, CA 93534
    • $4,300,000
    • STATUS: Active
    • ON SITE: 147 days
    • ID#: SR19067171
    UPDATED: 57 min ago
    $4,300,000
    • 0
      BEDS
    • 2.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 37,248
      SQFT
    • $115
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1978
    County:

    School Ratings & Info

    Description

    The subject property consists of a 2.12 acre commercially zoned site leased to the University of Antelope Valley, a private college. The lease was initially executed in 1964 and has been transferred and renewed and currently has an expiration date in 15 years. Upon expiration of the lease, the building improvements revert to the lessor. The improvements consist of a motel property that has been converted to a ballroom and offices for the college. The improvements are reported at 37,248 square feet and consist of 2 two-story buildings, in average condition with nominal deferred maintenance. The front building is a two-story building that contains offices in the front and a ballroom, divisible into 3 individual rooms). The second floor consists of administrative offices. The building has a porte-cochere on its north side. The building is in average condition with no deferred maintenance. The carpet is dated. The rear building consists of a 3-story motel property that consists of administrative offices on the first 2 floors and the offices of the Athletic Department on the top floor. The building appears to be of average condition and average quality construction. The third floor has modern flooring however the first 2 floors have dated flooring. Exterior painting is required on the north side of the building but generally, the deferred maintenance is nominal.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T07:30:45.797. 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 Cal American Realty. Licensed in the State of California, USA.
    www.calamericanrealty.com/homes/93064862

    44073 Sierra Highway Lancaster, CA 93534

    • Price: $4,300,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: SR19067171
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.12
    Acres
    37,248
    SQFT
    $115
    $/SQFT
    1978
    Built
    Neighborhood:
    LAC - Lancaster
    County:
    Los Angeles
    Area:
    LAC - Lancaster
    Property Description
    The subject property consists of a 2.12 acre commercially zoned site leased to the University of Antelope Valley, a private college. The lease was initially executed in 1964 and has been transferred and renewed and currently has an expiration date in 15 years. Upon expiration of the lease, the building improvements revert to the lessor. The improvements consist of a motel property that has been converted to a ballroom and offices for the college. The improvements are reported at 37,248 square feet and consist of 2 two-story buildings, in average condition with nominal deferred maintenance. The front building is a two-story building that contains offices in the front and a ballroom, divisible into 3 individual rooms). The second floor consists of administrative offices. The building has a porte-cochere on its north side. The building is in average condition with no deferred maintenance. The carpet is dated. The rear building consists of a 3-story motel property that consists of administrative offices on the first 2 floors and the offices of the Athletic Department on the top floor. The building appears to be of average condition and average quality construction. The third floor has modern flooring however the first 2 floors have dated flooring. Exterior painting is required on the north side of the building but generally, the deferred maintenance is nominal.
    Exterior Features

    Lot Features Rectangular LotNear Public Transit Lot Size Source Appraiser Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Gas & Electric Dryer Hookup

    Property Features

    Additional Parcels YN No Anchors Co Tenants Antelope Valley University Building Area Units Square Feet Building Status Existing Country Us Current Use Comments Buyer To Verify Square Footage Land Use Other Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Occupancy Occupied Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of David Leventhal of Leventhal & Associates and Chelsea Clapham of Leventhal & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T07:30:45.797. 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 Cal American Realty. Licensed in the State of California, USA.
     
    Cal American Realty
    2065 N. Indian Hill Blvd
    Claremont CA, 91711