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45445 Cedar Avenue, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath

45445 Cedar Avenue, Lancaster, California 93534 home-pic-0
ACTIVE$640,000$1,613/sqft
45445 Cedar Avenue, Lancaster, California 93534
4Beds
2Baths
1,613Sqft
6,098.4Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Remodel & Turn-Key: The property has been completely updated from top to bottom, offering two fully remodeled, move-in ready units with brand-new finishes, making it a turn-key investment.
Top Cons:
Original Construction Year: Built in 1957, the property's underlying original structure, despite extensive remodels, may still present long-term maintenance considerations typical of older constructions.

Compared to the nearby listings

Price:$640.0K vs avg $560.0K (+$80,000)86%
Size:1,613 sqft vs avg 1,613 sqft50%
Price/sqft:$397 vs avg $29071%

More Insights

Built in 1957 (69 years old).
Condition: Despite being built in 1957, this property has undergone a complete and extensive renovation, as explicitly stated in the description and evidenced by the images. Both units feature brand-new luxury laminate flooring, fresh paint, new baseboards, and hardware. The kitchens are fully redone with new white shaker cabinets, quartz countertops, stainless steel appliances (including refrigerator, washer, dryer, and stove), and modern fixtures. Bathrooms are also fully remodeled with custom tile showers, new vanities, toilets, mirrors, and lighting. Major systems like the roof, A/C, and windows are all new. All components appear virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1957
Close
-
List price
$640K
Original List price
$640K
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
V1-32242
Home ConditionExcellent
Features
View-

About this home

**Fully Remodeled Lancaster Duplex - 2 Homes on Separate Meters!**
Calling all savvy buyers and investors! This completely updated single-story duplex offers 1,613 sq ft total with two separate 2 bedroom, 1 bathroom homes - each fully remodeled and move-in ready. With separate meters, brand-new finishes, and incredible income potential, this property is a rare find in Lancaster. Step inside and you'll see that no detail was missed. Both units feature new luxury laminate flooring, fresh paint throughout, new baseboards, all new hardware, and tall ceilings with tons of natural light. The kitchens have been completely redone with new cabinets, quartz countertops, stainless steel sinks, and stainless steel appliances - including refrigerators, washers, dryers, and stoves, all staying with the property! Bathrooms have also been fully remodeled with custom tile showers featuring large shower heads and built-in shelving, plus new toilets, vanities, mirrors, and lighting. Each unit also has its own new A/C system and new windows for energy efficiency and comfort. And did we mention the brand-new roof? Outside, the property includes a two-car garage and sits on a great lot with room for creativity. The options here are endless - rent out both units, live in one and rent the other, or even explore converting the garage into a third unit for even more income potential. With everything updated from top to bottom, this duplex is turn-key, versatile, and ready for its next owner to capitalize on. Opportunities like this don't last - schedule your showing today!

B
Bradley Creese
Listing Agent

Nearby schools

3/10
Mariposa Elementary School
Public,•K-6•0.4mi
3/10
Piute Middle School
Public,•6-8•1.0mi
2/10
Antelope Valley High School
Public,•9-12•0.9mi
Condition Rating
Excellent
Despite being built in 1957, this property has undergone a complete and extensive renovation, as explicitly stated in the description and evidenced by the images. Both units feature brand-new luxury laminate flooring, fresh paint, new baseboards, and hardware. The kitchens are fully redone with new white shaker cabinets, quartz countertops, stainless steel appliances (including refrigerator, washer, dryer, and stove), and modern fixtures. Bathrooms are also fully remodeled with custom tile showers, new vanities, toilets, mirrors, and lighting. Major systems like the roof, A/C, and windows are all new. All components appear virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Extensive Remodel & Turn-Key: The property has been completely updated from top to bottom, offering two fully remodeled, move-in ready units with brand-new finishes, making it a turn-key investment.
Strong Income Potential & Versatility: This duplex presents incredible income potential, allowing for renting out both units, living in one and renting the other, or even exploring a garage conversion for a third unit.
Separate Utilities: Each of the two 2-bedroom, 1-bathroom units is on separate meters, simplifying tenant billing and management for utilities.
Major System Upgrades: Significant capital expenditures have already been addressed with a brand-new roof, new A/C systems for each unit, and new energy-efficient windows throughout.
Modern Interior Finishes & Appliances: Both units feature new luxury laminate flooring, fresh paint, new hardware, updated kitchens with quartz countertops and stainless steel appliances (including refrigerators, washers, dryers, and stoves), and fully remodeled bathrooms.

Cons

Original Construction Year: Built in 1957, the property's underlying original structure, despite extensive remodels, may still present long-term maintenance considerations typical of older constructions.
Undeveloped Exterior/Landscaping: While the lot offers 'room for creativity,' it implies the outdoor spaces are not fully developed or landscaped, potentially requiring additional investment to enhance curb appeal or tenant amenities.
Future Capital Expenditure for Maximized Income: The suggestion to 'explore converting the garage into a third unit' indicates that achieving the property's maximum income potential requires additional significant capital investment beyond its current turn-key state.
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