44511 16th Street E, Lancaster, California 93535, Lancaster, 93535 - bed, bath
ACTIVE$950,000$4,035/sqft
44511 16th Street E, Lancaster, California 93535
0Bed
0Bath
4,035Sqft
15,308Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multifamily Investment Opportunity: This four-unit property is explicitly positioned as an attractive opportunity for investors seeking a multifamily asset with multiple income-producing units.
Top Cons:
Property Age: Built in 1990, the property is over 30 years old, which may imply a higher likelihood of needing future capital expenditures for major system replacements or general modernization.
Compared to the nearby listings
Price:$950.0K vs avg $560.0K (+$390,000)71%
Size:4,035 sqft vs avg 1,975 sqft71%
Price/sqft:$235 vs avg $28443%
More Insights
Built in 1990 (36 years old).
Condition: The property was built in 1990, making it 34 years old. While the exterior appears maintained, there are no interior images or descriptions of recent renovations, kitchen appliances, bathroom conditions, or flooring. This suggests that the interior components are likely original or have been updated only minimally, showing signs of being outdated but functional, aligning with the 'Fair' condition criteria.
Year Built
1990
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$235
HOA
-
Days on market
-
Sold On
-
MLS number
SR25281881
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Four unit multifamily property offering a total of 10 bedrooms and 8 bathrooms across four well sized units. Two units feature 3 bedrooms and 2.5 bathrooms with approximately 1,114 sq ft of living space, while two additional units offer 2 bedrooms and 2.5 bathrooms with approximately 903 sq ft each. The unit mix provides flexibility and broad rental appeal. Each unit includes its own attached two car garage and private in unit laundry, adding convenience and separation rarely found in multifamily properties. The functional floor plans are designed to maximize usable living space and accommodate a variety of tenant needs. With individual garages and laundry in every unit. This property presents an attractive opportunity for investors seeking a multifamily asset with desirable unit level amenities and multiple income producing units.
M
Mary Harutyunyan
Listing Agent
Price History
Date
Event
Price
01/29/20
Sold
$676,500
04/10/08
Sold
$550,000
11/15/06
Sold
$729,000
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While the exterior appears maintained, there are no interior images or descriptions of recent renovations, kitchen appliances, bathroom conditions, or flooring. This suggests that the interior components are likely original or have been updated only minimally, showing signs of being outdated but functional, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Multifamily Investment Opportunity: This four-unit property is explicitly positioned as an attractive opportunity for investors seeking a multifamily asset with multiple income-producing units.
Flexible Unit Mix: The combination of two 3-bedroom/2.5-bathroom units and two 2-bedroom/2.5-bathroom units provides broad rental appeal and flexibility to cater to diverse tenant needs.
Individual Attached Garages: Each unit boasts its own attached two-car garage, a premium amenity that offers significant convenience, security, and is rarely found in multifamily properties.
Private In-Unit Laundry: The inclusion of private in-unit laundry for every unit enhances tenant convenience and privacy, making the property highly desirable in the rental market.
Functional Floor Plans: The units feature functional floor plans designed to maximize usable living space, accommodating a variety of tenant lifestyles and preferences.
Cons
Property Age: Built in 1990, the property is over 30 years old, which may imply a higher likelihood of needing future capital expenditures for major system replacements or general modernization.
Lack of Specific Condition Details: The description focuses on unit amenities but provides no information on the overall condition of the building's exterior, common areas, or recent capital improvements, suggesting potential for unforeseen maintenance or upgrade costs.
Market-Specific Dynamics: Located in Lancaster, the property's investment performance will be tied to local market dynamics, which may present different rental growth and appreciation trends compared to other Southern California submarkets.