44431 Division StLancaster, CA 93535

Property Details for 44431 Division St

Year built

1955

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

768 SF

Zone code

LRC3*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3138-010-060

APU

3138010060

Description

This exceptional opportunity presents the acquisition of a well-established fast-food restaurant located at 44431 Division St, Lancaster, CA 93535. The property, boasting 768 square feet, is situated on Division Street near Avenue J, a highly trafficked area with significant residential proximity. The White House Restaurant, a local landmark operating for nearly 50 years, offers a diverse menu featuring burgers, fries, shakes, and other fast-food favorites. Currently operating Monday through Friday from 8 am to 4 pm, the business presents a significant opportunity for expansion of operating hours to capitalize on increased revenue potential. The sale includes the real estate, offering a unique combination of established business and property ownership. Given the seller's long history at this location, a prospective buyer may be eligible for grandfathering exemptions from current city business regulations

• CAP approach

  CAP return

  Valuation

  6%

  $357,844

  6.5%

  $330,317

  7%

  $306,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $368,028

  Geo Method

  $368,028

• Alternative Use

  Use

  Valuation

  Residential

  $278,635

  Hospitality

  $255,228

  Educational

  $212,347

  Medical

  $219,650

  Retail

  $330,317

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6904

Longitude

-118.131

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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