
Lancaster, California 93534
This High-Potential Investment Opportunity is a 4-Unit Multifamily Asset listed at a List Price of $1,090,000, which aligns with the $1,090,000 Fair Market Value. With a Condition Rating of 5, the property requires a full interior rehab to modernize its dated 1981 infrastructure. The asset currently generates a stable $7,478/month in gross rental income from long-term tenants, providing immediate cash flow while offering significant upside through strategic value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1011 W Avenue H12 Subject | $1,090,000* List Price | 8 | 7 | 3,940 | $277 | - |
A 44702 Fig Avenue Active | $899,000 List Price | 0 | 0 | 3,185 | $282 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981 (43 years old) with no evidence of recent renovations. Interior photos reveal a highly dated kitchen with worn vinyl flooring, patched ceilings, and original cabinetry. The property meets the >30-year age threshold and requires a full interior rehab to address cosmetic and potential structural/system aging.
The property generates a strong gross rental income of approximately $7,478 per month with three out of four units occupied by long-term tenants of over 10 years, ensuring immediate stability and low turnover.
As a turnkey value-add quadruplex, it offers a rare combination of immediate income for 1031 exchange buyers and future upside potential through strategic property improvements in an established market.
Situated in a growing Antelope Valley hub, the property benefits from close proximity to major employment centers, shopping, and essential commuter routes, driving consistent rental demand.
The assigned public schools have low ratings (ranging from 2 to 3), which may deter some family-oriented tenants and potentially impact long-term property appreciation.
Built in 1981, the asset may require more frequent maintenance or capital expenditures for aging systems and infrastructure compared to newer multifamily developments.
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.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 9.0 |
| Baths | 7.0 | 5.0 |
| Square foot | 3,940 | 2,756.5 |
| Lot Size | 7,637 | 209,921 |
| Price | $1.09M | $532.2K |
| Price per sq ft | $277 | $225 |
| Built year | 1981 | 1957 |
| HOA | $0 | $0 |
| Days on market | 97 | 127 |
Jun 4, 2026
$1,090,000
Initial Listing
Oct 29, 2014
$303,000
Public Record
Oct 31, 2005
$525,000
Public Record
Mar 31, 2004
$320,000
Public Record