4024 W Avenue L - Multi-Family FOR SALE


Lancaster, CA 93536
$675,000 USD
858-336-9688
4024 W Avenue L, Lancaster, CA for Sale
$675,000 USD
Multi-Family - FOR SALE
1/10
null | 8.14% Cap Rate

4024 W Avenue L
Lancaster, CA 93536


HIGHLIGHTS

  • New Roof Installed
  • Updated Electrical Upgrades
  • Four Seperate Cottage Style Units
  • Close Proximity to Major Market Grocery Stores

OVERVIEW

Fantastic opportunity to own a well-maintained 4-unit income-producing property on a generous 0.5-acre lot in the heart of Lancaster. The property features a desirable unit mix, consisting of one spacious 2-bedroom, 1.5-bathroom unit and three 1-bedroom, 1-bathroom units—perfect for steady rental income and long-term tenant stability. Recent upgrades include a brand-new roof (2024), new exterior paint, and completely upgraded main line plumbing, significantly reducing future maintenance expenses and adding long-term value. Each unit is separately metered for electricity and gas, offering added efficiency and control for both tenants and owner. Centrally located near major shopping centers, schools, public transit, and parks, the property provides convenience and appeal to prospective renters. The expansive half-acre lot also presents potential for additional amenities, expanded parking, or possible future development (buyer to verify with city). With its strong fundamentals, recent improvements, and excellent location, this turnkey asset is a solid investment opportunity for both seasoned investors and those entering the multifamily space.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

4

PRICE/UNIT

$168,750

CAP RATE

8.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,517 SF

ZONING

LCR3*

APN/PARCEL ID

3103-024-018

ASK ABOUT THIS PROPERTY

Tyler BrandeXp CommercialMore Info
858-336-9688

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Tyler BrandeXp CommercialMore Info
858-336-9688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.