212 W Kildare Street, Lancaster, California 93534, Lancaster, 93534 - 0 bed, 0 bath
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Lancaster, California 93534
This High-Potential Investment Opportunity is a 4-unit multifamily asset listed at $979,000, positioned near the $974,307 Fair Market Value. Featuring a Condition Rating of 2, this property includes a 2019 remodel and brand-new 2024/2025 construction, offering R3 Zoning and separate utility meters. With paid solar and modern mini-split HVAC systems, the asset minimizes overhead while maximizing cash flow. This turnkey, income-producing property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stable, long-term rental demand in Lancaster.
Turnkey 4-unit multifamily investment in Lancaster. Features new 2025 construction, R3 zoning, separate meters, and paid solar. High-yield cash flow opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 212 W Kildare Street Subject | $989,000* List Price | 0 | 0 | 3,252 | $302 | - |
A 850 W Milling Street Active | $849,000 List Price | 6 | 4 | 2,616 | $325 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property consists of one unit fully remodeled in 2019 and three units of brand-new 2024/2025 construction. All major systems are new or recently updated, including four separate electrical/gas meters, tankless water heaters, solar panels, and mini-split HVAC systems, requiring no immediate maintenance.
The property offers a rare estimated cap rate of over 10% at the current list price, featuring four fully permitted units with strong documented in-place rental income.
With three units completed in 2024 and 2025 and the main house remodeled in 2019, the property features new HVAC systems, fire sprinklers, tankless water heaters, and updated finishes.
The site is equipped with four separate electrical and gas meters plus a fully paid solar system, significantly reducing landlord overhead and simplifying tenant management.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3252, other record living area = 1906.
Unlike the separate gas and electric meters, the water service is shared across all units, which may lead to higher owner expenses or challenges in equitable utility billing.
The main residence dates back to 1942; despite its 2019 remodel, the core structure is significantly older than the new additions, potentially requiring different long-term maintenance considerations.
Rare income producing opportunity in Lancaster! Welcome to 210/212/214/216 W Kildare St, a fully permitted 3 unit property with an JrADU, offering a total of 4 rental units with strong in place income and an estimated cap rate just above 10% at the current list price. This R3 zoned property is the type of cash flowing asset that is extremely hard to find in today’s market. The property features four separate electrical meters, four separate gas meters, shared water, and one unit with fully paid solar. All tenants have lease agreements in place, providing immediate rental income from day one. Unit 212 is the main residence, offering 3 bedrooms, 2 bathrooms, approximately 1,409 sq ft, remodeled in 2019, and equipped with central heat and AC. Unit 210 is a 2 bedroom, 1 bath unit completed in 2024 and features a multi-zone split system. Units 214 and 216 are brand new 2025 construction, each offering 2 bedrooms and 1 bathroom with fire sprinklers installed and tankless water heaters. Unit 214 features independent mini-split systems, and Unit 216 features independent mini-split systems plus paid solar. Three out of the four units include split systems in every bedroom, with a combination of independent and multi-zone configurations for added comfort and efficiency. Select units also feature recessed lighting, laminate flooring, updated finishes, and may include furniture, making this an attractive turnkey opportunity for investors. With a rare combination of permitted improvements, updated units, newer construction, separate utility meters, paid solar, efficient HVAC systems, and strong documented rental income, this property is ideal for investors seeking cash flow, long term appreciation, and a low maintenance multifamily asset. City records and invoices are available to support the permitted work. Conveniently located near shopping, schools, public transportation, and major commuter routes, this is a turnkey multifamily opportunity in the heart of Lancaster. Do not miss the chance to own a rare 4 unit income property with current market rents, documented leases, and exceptional cash flow potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,252 | 1,880 |
| Lot Size | 9,141 | 7,703 |
| Price | $989.0K | $474.8K |
| Price per sq ft | $304 | $271 |
| Built year | 1942 | 1990 |
| HOA | $0 | $140 |
| Days on market | 13 | 62 |
Jul 15, 2026
$989,000
$979,000
+1% Price Increase
Initial Listing
Jul 9, 2026
$979,000
Initial Listing
Jun 5, 2019
$205,000
Public Record