1040 Rancho Vis Blvd, Palmdale, CA 93551-3932
- Auto shops
- 2,686 SF
- 0.51 lot acres
Current Use by Public Records
- Jiffy Lube / Auto Repair Shop
Property Details for 1040 Rancho Vis Blvd
- Year built
- 2000
- Construction
- WOOD
- Lot size
- 0.51 lot acres
- Zone code
- LCM11/2-B2
- Property type
- Auto shops
- APN
- 3003-003-063
- APU
- 3003003063
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 24, 2022 | $2,400,000 | 8881 Research LLC | Lcat Enterprises INC | Grant Deed | $1.3M · Partners Bank Of California |
| Sep 21, 2006 | $2,175,000 | Lcat Ents INC | Vakili,alireza | Grant Deed | $1.4M · Bank Of America |
| Apr 28, 2006 | $1,500,000 | Alireza Vakili | Lubz INC | Grant Deed | $825k · Banco Popular North America |
| Aug 17, 2004 | — | Sazach LLC | Lubz INC | Quit Claim Deed · related | — |
| Mar 6, 2001 | $990,000 | Lubz INC | Mizar INC | Grant Deed | $710k · Pennzoil Lube Ctr Acceptance |
| Feb 15, 2001 | $960,000 | Mizar INC | Zarin Investment Group LLC | Grant Deed | $640k · Pennzoil Lube Ctr Acceptance |
| Sep 15, 1999 | $325,000 | Zarin,invs Grp | Chrisdan,llc | Trustees Deed | — |
| Sep 15, 1999 | — | Chrisdan,llc | Tosco Corp, | Trustees Deed · related | — |
| Apr 4, 1997 | — | Clover Trust 1997 1 | — | Deed Of Trust · related | — |
| Jul 6, 1989 | — | Cal Comm Builder | Cal | Quit Claim Deed · related | $2.3M · Union Bank |
| — | — | W Avenue P 1040 | — | Deed Of Trust · related | $630k · Zions First National Bank |
| — | — | Lubz INC | — | Deed Of Trust · related | $127k · Old Republic Title |
| — | — | Lubz INC | — | Deed Of Trust · related | $300k · Robyn Roknipour |
| — | — | Lubz INC | — | Deed Of Trust · related | $1M · Wilshire State Bank |
| — | — | Sazach LLC | — | Deed Of Trust · related | $2.2M · Pennzoil Lube Ctr Acceptance |
| — | — | Alireza Vakili | — | Deed Of Trust · related | $230k · Minoo Nejadbakshsh |
| Jul 10, 1964 | — | — | — | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a single-tenant, triple-net (NNN) leased retail property located at 1040 W. Rancho Vista Blvd, Palmdale, CA 93551, within Los Angeles County. The property boasts a substantial 2,686 square feet of retail space situated on a 0.45-acre lot. Currently operating at 100% occupancy, the property is secured by an 11-year remaining lease term, offering significant long-term stability for investors. The asking price is $2,483,420, representing an attractive 5.00% capitalization rate. This makes it an ideal addition to any diversified commercial real estate portfolio. The property's strong tenant base and prime location in Palmdale, California, contribute to its exceptional investment potential. The NNN lease structure minimizes landlord responsibilities, further enhancing the property's appeal to passive investors seeking a low-maintenance, high-return investment. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving market. The property's size and location make it suitable for a variety of retail uses, ensuring continued strong performance and potential for future appreciation. The long-term lease provides predictable cash flow, making this an attractive option for investors seeking a stable and reliable income stream. Detailed financial information is available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,290,000
- ML approach
- $2,165,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.149
- Latitude
- 34.6014
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
