Great Quartz Hill Investment Property! Fully Rented 8 unit complex! Centrally located to shopping, bus stops, fast food, banks and more. This Building average rents are well under market. The average rent per unit is $1,376. The average rent should be between $1,700 per month. The monthly income includes $1,500 per year income from the laundry room. This 5% Cap Rate Chart is based upon the yearly net profit of $92,520 per year. This building is fully rented. There are Six 2+2 single story apartments and Two 2+2 townhomes. This building includes a brand new roof and new garage doors. Seven of the units have a single car garage with a new garage door. Unit A has a two car garage. Both unit A and unit G garages are attached. There is a laundry room on the premises and that income is included in the monthly gross income. There are also two garages that are not assigned and could possibly be converted to an ADU.
Quartz Hill is located in California. Quartz Hill, California has a population of 10,098. Quartz Hill is less family-centric than the surrounding county with 26.89% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Quartz Hill, California is $58,409. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Quartz Hill is 37 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 45.5 degrees. The average rainfall is approximately 16.9 inches per year, with 0.3 inches of snow per year.
