1011 W Avenue H12, Lancaster, CA 93534
- $1,090,000
- 8
- BD
- 7
- BA
- 3,940
- SqFt
- List Price
- $1,090,000
- Status
- ACTIVE
- MLS#
- SR26122376
- Year Built
- 1981
- Bedrooms
- 8
- Bathrooms
- 7
- Living Sq. Ft
- 3,940
- Lot Size
- 7,637
- Acres
- 0.18
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 55
- Property Type
- Multifamily
- Style
- See Remarks
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
4-Unit Multifamily | On Time Income | Tenants | Turnkey Value-Add Exceptional 4-unit investment opportunity in the heart of Lancaster. This well-maintained multifamily property consists of four 2-bedroom, 1-bath units and offers strong, stable income with a proven rental history. Three of the four units have been occupied by long-term tenants for over 10 years, reflecting tenant satisfaction and consistent occupancy. Located in a growing area of the Antelope Valley with convenient access to shopping, schools, employment centers, and major commuter routes. The property currently generates substantial rental income and presents an attractive opportunity for investors seeking immediate cash flow and long-term appreciation potential. Approximately $7,478/month in gross rental income. Whether you’re looking to expand your portfolio, complete a 1031 exchange, or acquire a performing multifamily asset, this property offers a rare combination of stability, income, and future upside in one of Lancaster’s established rental markets. Buyer to independently verify all rental income, expenses, leases, and property information.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Patio
- Open, Patio
- Roof
- Shingle
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- School District
- Antelope Valley Union
- Attached Structure
- Attached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Charly Daoud (charly.daoud@exprealty.com) from Listing Office: eXp Realty of Greater Los Angeles, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.