44702 Fig Avenue, Lancaster, California 93534, Lancaster, 93534 - bed, bath

44702 Fig Avenue
Lancaster, California 93534
Property Price
SUMMARY
Analysis of 44702 Fig Avenue, Lancaster, California 93534 is currently available with a list price of $1,050,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property was built in 1968, making the existing triplex 56 years old. The listing explicitly identifies the 'Age of Original Structure' as a weakness, stating it 'may necessitate future maintenance or updates to remain competitive and maximize rental appeal.' There are no interior images of the existing units to suggest any significant recent renovations. While the property is currently generating income, the age and the stated need for updates indicate that the existing components are likely outdated and require substantial rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Pre-Approved Expansion Plans
The property includes approved plans and permits for five additional 1-bedroom/1-bath units, saving the buyer approximately three years of complex entitlement work.
- Substantial Income Upside
Upon completion, the property is projected to generate $14,000–$15,000+ per month in gross rental income, offering significant return on investment potential.
- Active Construction Progress
Construction on the expansion has already begun, including framing, underground work, and top-outs, providing a streamlined path to completion within 4-5 months.
CONSRISKS & DEFICIENCIES
- Significant Capital Investment Required
While plans are approved and construction has started, the buyer will need to fund the remaining construction costs for the five additional units.
- Project Management Responsibility
The new owner will be responsible for overseeing the completion of the construction project, which requires time, effort, and potential expertise.
- Age of Original Structure
The existing triplex was built in 1968, which may necessitate future maintenance or updates to remain competitive and maximize rental appeal for those units.
About 44702 Fig Avenue
Exceptional value-add opportunity at 44702 Fig Ave. This 3,200 sq ft triplex offers in-place income and upside potential, featuring two 2-bedroom, 1-bath units renting for $1,997 and $1,800 per month, and one 3-bedroom, 2-bath unit renting for $2,450 per month. The property includes approved plans and permits to construct five additional 1-bedroom/1-bath units (approximately 2,300 additional sq ft), bringing the total projected building size to approximately 5,500 sq ft. Construction on the expansion has already begun, including framing, underground work, and top-outs. The estimated completion time is approximately 4–5 months, offering a streamlined path for the next owner to finalize the project. Projected rents for the new 1-bedroom units are estimated at $1,600–$1,800 per month, with potential upside through housing voucher programs. Upon completion, the property is projected to generate approximately $14,000–$15,000+ per month in gross rental income. The plans and permits took approximately three years to secure due to the complexity of adding this number of additional units. This is a rare opportunity for investors and builders seeking a project with approved permits in place, avoiding years of entitlement work.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1968
- Lot Size
- 8,864 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lancaster Unified Schools
Monte Vista Elementary School
Grades K-5 • 0.6 mi
Sierra Elementary School
Grades K-5 • 1.1 mi
Amargosa Creek Middle School
Grades 6-8 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,185 | 2,051 | 80% |
| Lot Size | 8,864 | 8,712 | 60% |
| Price | $1.05M | $595.0K | 80% |
| Price per sq ft | $330 | $290 | 60% |
| Built year | 1968 | 1951 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 156 | 20% |
Pricing History
Listed for Sale
Feb 3, 2026
$1,050,000
Initial Listing
Sold
Nov 3, 2022
$720,000
Public Record

















