43731 8th Street E, Lancaster, California 93535, Lancaster, 93535 - 0 bed, 0 bath
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Lancaster, California 93535
This quadruplex represents a Prime Investment Opportunity, listed at a List Price of $1,120,000—positioned well below the $1,142,949 Fair Market Value by 2%. This valuation gap provides $22,949 in Instant Equity. With a Good Condition Rating and features like separate utility meters and private two-car garages, this Residential Income Asset offers immediate operational efficiency. While local school ratings are modest, the property’s strong rental demand and 6% cap rate make it an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable cash flow.
Property is move-in ready.
While the property was built in 1987 (37 years old), the interior images show significant recent renovations including modern luxury vinyl plank flooring, updated baseboards, and fresh neutral paint. The exterior features a durable tile roof and the units appear well-maintained and move-in ready. It avoids a 'poor' or 'fair' rating due to the evident interior updates which align with the 5-15 year renovation criteria for a 'good' standing.
The property features separate gas and electric meters along with individual laundry hookups for each unit, significantly reducing landlord utility overhead and simplifying property management.
Each of the four units includes its own private two-car garage, a highly desirable feature in the rental market that commands higher lease rates and improves tenant retention.
Operating at an approximately 6% cap rate with identified potential for rent increases, this quadruplex offers immediate cash flow and a solid foundation for portfolio growth.
The property was recently sold within the past year on 2025-08-27. The sold price is $955,000.00.
The local elementary, middle, and high schools all carry a rating of 2/10, which may deter families and limit the property's appeal to a broader demographic of long-term tenants.
The property is fully tenant-occupied with strict 'do not disturb' instructions, which can complicate the initial inspection process and delay the implementation of any planned upgrades.
Exceptional investment opportunity in the heart of Downtown Lancaster! This well-maintained quadruplex offers 9 bedrooms, 4.5 bathrooms, and approximately 4,468 square feet of living space across four separate units. The property is currently operating at an approximately 6% cap rate, with the potential for increased returns. The building features four spacious units, each with its own thoughtfully designed floor plan, private two-car garage, separate gas and electric meters, and individual laundry hookups, providing convenience for tenants and efficient property management. Ideally located near schools, shopping centers, restaurants, supermarkets, gas stations, and with easy access to nearby freeways, this income-producing property offers strong rental appeal in a desirable Downtown Lancaster location. Whether you're looking to expand your investment portfolio or acquire a multi-unit asset with excellent long-term potential, this fourplex is an opportunity not to be missed. Property is tenant occupied. Please do not disturb tenants.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,468 | 1,613 |
| Lot Size | 11,556 | 6,022 |
| Price | $1.12M | $660.7K |
| Price per sq ft | $251 | $268 |
| Built year | 1987 | 1957 |
| HOA | $0 | $0 |
| Days on market | 6 | 117 |
Jul 16, 2026
$1,120,000
Initial Listing
Aug 27, 2025
$955,000
Public Record
Oct 26, 2015
$535,000
Public Record
Mar 15, 2007
$680,000
Public Record