1011 W Avenue H12, Lancaster, California 93534, Lancaster, 93534 - 8 bed, 7 bath
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Lancaster, California 93534
Analysis of 1011 W Avenue H12, Lancaster, California 93534 is currently available with a list price of $1,090,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
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 | 0.0 |
| Baths | 7.0 | 0.0 |
| Square foot | 3,940 | 1,613 |
| Lot Size | 7,637 | 6,022 |
| Price | $1.09M | $660.7K |
| Price per sq ft | $277 | $268 |
| Built year | 1981 | 1957 |
| HOA | $0 | $0 |
| Days on market | 48 | 117 |
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