Lancaster, CA 93534,1231 W Avenue H15
Lancaster, CA 93534,1231 W Avenue H15
Lancaster, CA 93534,1231 W Avenue H15
Lancaster, CA 93534,1231 W Avenue H15
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
10
May
Sun
11
May
Mon
12
May
$ 500,000
Est. payment | /mo

4 Beds

2 Baths

7,542 Sqft Lot


Save
$ 500,000
Est. payment | /mo
Save

4 Beds

2 Baths

7,542 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25101014

Bedrooms 4

HOA Y/N No

Lot Size 7,542 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.
Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.

Location

State CA

County Los Angeles

Area Lancaster (93534)

Zoning Public Rec

Interior

Cooling Heat Pump(s)

Exterior

Exterior Feature Stucco, Wood

Roof Type Rock/Gravel

Building

Lot Description Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Monthly Total Fees $98

Acceptable Financing Cash, Conventional, Exchange, FHA, Land Contract, VA

Space Rent $1,850

Listing Terms Cash, Conventional, Exchange, FHA, Land Contract, VA

San Diego Regional MLS (SDMLS)
Listed by Alex Duarte • First Team Real Estate
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 349-4945

eric@keyrealtyca.com

401 W A St, San Diego, CA, 92101, USA

GET MORE INFORMATION

Name
Phone*
Message

Go tour this home

1231 W Avenue H15