4563 Avenue Lancaster, CA 93536
- Hospitality properties
- 1.99 lot acres
Current Use by Public Records
- Apartments on M4 / Apartment Complex
Property Details for 4563 Avenue
- Year built
- 1926
- Lot size
- 1.99 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 37-key hotel in Lancaster, CA presents a compelling investment opportunity. Located at 4563 W Ave M-4, this historic property, built in 1926 and renovated in 1988, sits on a spacious 1.99-acre lot. The property comprises four single-story buildings totaling 14,677 square feet. Currently generating $42,000 in monthly rent from month-to-month leases, there's significant potential to increase monthly income to $55,000 through effective management strategies. The property's location in Los Angeles County, zip code 93536, benefits from a growing population and strong median household incomes, promising a robust return on investment. The charming architecture and expansive lot offer considerable development potential. This is a rare chance to acquire a well-established hotel with substantial upside in a thriving California market. The asking price is $11,000,000. This property is offered as-is.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Longitude
- -118.212
- Latitude
- 34.642
