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

44702 Fig Avenue, Lancaster, California 93534 home-pic-0

44702 Fig Avenue

Lancaster, California 93534

ACTIVE UNDER CONTRACT
CONDITION: POOR
0Beds
0Baths
3,185Sq Ft
8,864Lot Size

Property Price

LIST PRICE$1,050,000

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

Poor
TeardownExcellent

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currently generating income, the age and the stated need for updates indicate that the existing components are likely outdated and require substantial rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.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

4/10

Sierra Elementary School

Grades K-5 • 1.1 mi

3/10

Amargosa Creek Middle School

Grades 6-8 • 2.2 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot3,1852,051
80%
Lot Size8,8648,712
60%
Price$1.05M$595.0K
80%
Price per sq ft$330$290
60%
Built year19681951
80%
HOA$0$0
50%
Days on market31156
20%

Pricing History

Listed for Sale

Feb 3, 2026

$1,050,000

Initial Listing

Sold

Nov 3, 2022

$720,000

Public Record

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