45110 Elm, Lancaster, California 93534, Lancaster, 93534 - bed, bath
45110 Elm
Lancaster, California 93534
Property Price
SUMMARY
Analysis of 45110 Elm, Lancaster, California 93534 is currently available with a list price of $625,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property presents a mixed condition. The front 2-bedroom unit has been recently upgraded with new kitchen cabinets, countertops, appliances, flooring, and updated bathrooms, placing it in excellent condition. However, the other studio units are significantly older, featuring very dated kitchens/kitchenettes and bathrooms with original or very old fixtures, worn flooring, and older light fixtures. While functional, these units show considerable wear and tear and would require substantial cosmetic renovations to meet modern standards. The property was built in 1949, and while one unit is renovated, the others have not seen major updates in many years, aligning with the 'Fair' category's description of aged but maintained properties with outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Income Streams & Versatility
A four-unit property (2-bed, attached studio, two additional studios) offers exceptional versatility and strong income potential, appealing to a broad tenant base.
- Owner-Occupancy Opportunity
The upgraded and vacant front 2-bedroom unit provides an ideal owner-occupancy option, allowing the owner to live on-site while benefiting from rental income.
- Efficient Operations with Separate Metering
All units are separately metered for gas and electric, ensuring efficient operations, simplified tenant billing, and reduced landlord utility expenses.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1697, other record living area = 1497.
- Recently Sold Property
The property was recently sold within the past year on 2025-07-22. The sold price is $560,000.00.
- Age of Construction
Built in 1949, the property's age may necessitate ongoing maintenance or potential upgrades to older systems and infrastructure in the long term.
About 45110 Elm
This thoughtfully designed and well-maintained four-unit property offers exceptional versatility and strong income potential. The front unit is a spacious, upgraded vacant 2 bedroom, 1 bath residence that lives like a single-family home perfect for owner-occupancy or commanding top market rent. Attached to the front is a private studio with its own separate entrance, providing added rental flexibility. The property also features 2 more studios well-proportioned with own private bath, appealing to a broad tenant base. Each unit is separately metered for gas and electric, ensuring efficient operations and ease of management. Tenants benefit from two covered alley-access parking spaces, while a detached two-car garage with individual single doors offers additional parking, storage, or potential value-add opportunities. Turnkey and pride of ownership throughout, this property is ideally suited for investors seeking strong and reliable cash flow, long-term appreciation, and a high-quality multifamily asset in a solid rental market.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1949
- Lot Size
- 8,851 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 • 1.6 mi
Amargosa Creek Middle School
Grades 6-8 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,697 | 2,051 | 40% |
| Lot Size | 8,851 | 8,712 | 60% |
| Price | $625.0K | $595.0K | 80% |
| Price per sq ft | $368 | $290 | 60% |
| Built year | 1949 | 1949 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 156 | 20% |
Pricing History
Listed for Sale
Jan 20, 2026
$625,000
Initial Listing
Sold
Jul 22, 2025
$560,000
Public Record
Sold
Apr 19, 2023
$519,000
Public Record
Sold
Dec 28, 2000
$110,000
Public Record