44636 Cedar Avenue, Lancaster, California 93534, Lancaster, 93534 - 5 bed, 3 bath
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Lancaster, California 93534
This duplex represents a Strong Value Opportunity, listed at $579,990—positioned well below the $648,631 Fair Market Value by 10%. This valuation gap offers $68,641 in Instant Equity. Featuring a Condition Rating of 3, the property includes a fully renovated unit with Granite Kitchen finishes and a stable, income-producing unit. The large 10,454 sqft lot provides significant ADU conversion potential. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44636 Cedar Avenue Subject | $579,990* List Price | 5 | 3 | 2,420 | $268 | - |
A 44817 Redwood Sold | $725,000 | 0 | 0 | 2,800 | $259 | 0.5 mi |
B 44632 Fern Avenue Active Under Contract | $550,000 List Price | 5 | 3 | 2,163 | $254 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1919, the property is well-maintained with one unit having a full recent renovation (<5 years) including a new roof, windows, and updated kitchen with granite countertops. The second unit is functional and income-producing, making the overall property move-in ready and updated beyond its chronological age.
Unit 44636 is fully renovated with a new roof, windows, granite countertops, and updated flooring, allowing for immediate market-rate leasing or owner-occupancy without initial repair costs.
The property includes large detached garages on a generous 10,454 sqft lot, offering a significant opportunity for Accessory Dwelling Unit (ADU) conversions to maximize rental yield.
The duplex structure with a long-term tenant already in place provides stable, consistent income from day one, reducing the financial risk for new investors.
Originally built in 1919, the property's age may present challenges with older plumbing, electrical, or structural components that were not part of the recent cosmetic renovations.
While one unit is fully modernized, the larger three-bedroom unit is occupied by a long-term tenant and likely requires future capital improvements to match the quality and rent potential of the renovated unit.
Exceptional investment opportunity in the heart of Lancaster! 44636-44640 Cedar Ave is a well-maintained duplex offering immediate income potential, strong rental demand, and future value-add opportunities. With two separate units on one lot, this property is ideal for investors looking to expand their portfolio or owner-occupants seeking to offset their mortgage with rental income. Unit 44636 is a fully renovated 2-bedroom, 1-bathroom residence offering approximately 908 sqft of living space, garage is 486 sqft. Recent improvements include a new roof, new windows, new carpet and flooring throughout, updated lighting fixtures, granite countertops, new cabinetry, and a completely rebuilt garage. Currently vacant, this move-in-ready unit presents an excellent opportunity to secure a tenant at current market rents or occupy the unit yourself. Unit 44640 features 3 bedrooms, 1 bathroom, and approximately 1,512 sqft of living space, garage is 726 sqft. The unit is currently leased to a long-term tenant on a month-to-month basis, generating providing stable and consistent rental income from day one. Further enchanting the property's appeal are the detached garages, which may offer potential for ADU (Accessory Dwelling Unit) conversion. Whether you're seeking dependable cash flow, an owner-occupant opportunity, or a property with long-term upside, this versatile duplex combines recent upgrades, existing rental income, and future development potential in a desirable Lancaster location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,420 | 1,613 |
| Lot Size | 10,454 | 6,022 |
| Price | $580.0K | $660.7K |
| Price per sq ft | $240 | $268 |
| Built year | 1919 | 1957 |
| HOA | $0 | $0 |
| Days on market | 6 | 117 |
Jul 16, 2026
$579,990
Initial Listing
Jul 16, 2010
$135,000
Public Record
Sep 21, 2009
$96,000
Public Record
Oct 18, 2006
$439,000
Public Record
Dec 3, 2004
$340,000
Public Record
Jan 30, 2003
$175,000
Public Record