
Lancaster, California 93534
This property presents a High-Potential Investment Opportunity with a List Price of $924,999—positioned well above the $824,388 Fair Market Value by -12%. Featuring an RTI Expansion to 8 Units, this Residential Income asset offers significant density scaling with underground utilities already completed. Despite a Condition Rating of 5, the project is de-risked by active framing and approved permits. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to capitalize on projected monthly gross income of $14,000–$15,000 upon completion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44702 Fig Avenue Subject | $849,000* List Price | 0 | 0 | 3,185 | $251 | - |
A 44817 Redwood Sold | $725,000 | 0 | 0 | 2,800 | $259 | 0.6 mi |
B 1011 W Avenue H12 Active | $1,090,000 List Price | 8 | 7 | 3,940 | $277 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1968 (56 years old), this property is categorized as a 'Value-Add' investment. While the existing triplex is operational, the age exceeds the 50-year mark without mention of recent renovations to the original structure. The presence of active construction for an 8-unit expansion and the 'Value-Add' description suggest the existing units require significant rehab and system updates to match the new construction.
The property includes Ready-to-Issue (RTI) plans and permits to expand from a triplex to an 8-unit complex, offering immediate value-add and density scaling.
With underground utilities completed and framing underway, the project is significantly de-risked and offers a shortened timeline of 4–6 months to completion.
Upon completion, the property is projected to generate $14,000–$15,000 in monthly gross income, providing an exceptional long-term cash flow opportunity.
As an active construction site, the buyer must assume responsibility for finishing the project, which involves managing contractors and potential cost overruns.
The property is served by schools with low ratings, such as Antelope Valley High (2/10), which may limit the appeal for families and impact long-term tenant stability.
Exceptional Value-Add Investment Opportunity – RTI Expansion to 8 Units. Unlock the incredible potential of 44702 Fig Avenue, Lancaster, a rare investment opportunity with significant upside. Currently operating as a triplex, this property comes Ready-to-Issue (RTI) with approved plans and permits to construct five additional one-bedroom units, bringing the total unit count to eight. Construction is underway with underground utilities completed, framing in progress, and portions of the project already topped out, allowing the next owner to accelerate completion. The estimated timeline to finish the expansion is approximately 4–6 months. The newly constructed one-bedroom units are projected to command $1,600–$1,800 per month in rental income. Upon completion of the full eight-unit development, the property is expected to generate approximately $14,000–$15,000 in monthly gross rental income, creating an outstanding opportunity for long-term cash flow and appreciation. Whether you're an experienced investor, builder, or developer looking to add a high-performing asset to your portfolio, opportunities like this are few and far between. Complete the project, maximize its income potential, and capitalize on the substantial value already built into this exceptional investment.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 9.0 |
| Baths | 0.0 | 5.0 |
| Square foot | 3,185 | 2,756.5 |
| Lot Size | 8,866 | 209,921 |
| Price | $849.0K | $532.2K |
| Price per sq ft | $267 | $225 |
| Built year | 1968 | 1957 |
| HOA | $0 | $0 |
| Days on market | 36 | 127 |
Sep 5, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Aug 25, 2026
$899,000
$924,999
-3% Price Drop
Initial Listing
Aug 4, 2026
$924,999
Initial Listing
Nov 3, 2022
$720,000
Public Record