552 W Avenue H8, Lancaster, California 93534, Lancaster, 93534 - 0 bed, 0 bath
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Lancaster, California 93534
This Turnkey Multi-Unit Asset is listed at $620,000, offering a stable entry point at its $620,000 Fair Market Value. Featuring an Excellent Condition Rating, the property consists of two remodeled units and a Newly Constructed ADU finished with Quartz Countertops and Shaker Cabinets. Investors benefit from Section 8 Approval and a projected 8.4% Cap Rate, while FHA Financing Eligibility provides a rare path for residential wealth-building. This high-yield property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in the Antelope Valley.
Property is new construction or fully renovated.
The property is a fully remodeled triplex featuring a newly constructed, permitted ADU. The interiors showcase high-quality modern finishes, including white shaker cabinets, quartz countertops, stainless steel appliances, and subway tile backsplashes in the kitchens. The units feature updated bathrooms with modern vanities and tile work, recessed LED lighting, and durable luxury vinyl plank flooring throughout. Despite the 1957 original build date, the extensive recent renovation and new construction components meet current quality standards for a turnkey, excellent condition rating.
Boasting a solid 8.4% cap rate and Section 8 approval, this property offers exceptional cash flow potential and stable rental demand in the Antelope Valley market.
The property is fully remodeled with modern finishes and includes a newly constructed, fully permitted ADU, minimizing immediate maintenance costs for a new owner.
Unlike many multi-unit investments, this triplex is eligible for FHA and Conventional financing, providing a rare opportunity for owner-users to utilize low-down-payment options.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6168, other record lot size in square feet = 7064. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2088, other record living area = 1525.
The assigned public schools have low ratings (ranging from 2 to 4 out of 10), which may limit the appeal for families and impact long-term appreciation.
Despite the extensive surface-level renovations, the original 1957 construction may still feature aging core systems that could require attention compared to a newer build.
Back on market—buyer’s loan fell through; no fault of the seller or the property. This fully remodeled triplex offers 2,088 sq ft of living space and is eligible for Conventional or FHA financing. The property consists of two fully remodeled 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, which is a newly constructed, fully permitted ADU. Each unit features its own in-unit washer and dryer hookups and modern finishes throughout, making this a true turnkey income property. The property is Section 8 approved, offering strong rental demand and stable income potential. With a solid 8.4% cap rate, this property is ideal for investors or owner-users seeking reliable cash flow in the growing Antelope Valley market. Conveniently located near shopping, schools, dining, and major commuter routes, this is a rare opportunity to acquire a fully renovated, permitted triplex with excellent income and long-term upside.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 4.0 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,088 | 2,051 | 57% |
| Lot Size | 6,168 | 7,484 | 14% |
| Price | $620.0K | $595.0K | 71% |
| Price per sq ft | $297 | $290 | 71% |
| Built year | 1957 | 1951 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 203 | 14% |
Mar 3, 2026
$620,000
$599,000
+4% Price Increase
Initial Listing
Jan 20, 2026
$599,000
Initial Listing
Sep 8, 2022
$390,000
Public Record