44751 N Fern Ave - Apartments FOR SALE


Lancaster, CA 93534
$1,375,000 USD
213-233-4363
44751 N Fern Ave, Lancaster, CA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/12
null | 6.02% Cap Rate

44751 N Fern Ave
Lancaster, CA 93534


HIGHLIGHTS

  • Newer 1983 Construction. Trophy Lancaster Investment
  • Desirable Unit Mix Consisting of Spacious 1 and 2 Bedroom Units
  • All Units Have Central A/C and Heating
  • Property Has 5 Single Car Garages, 6 Covered Carport Spaces and 1 Uncovered Space
  • Only Subject to AB 1482 Rent Ordinance – No Local Rent Control
  • SB721 Balcony Inspection Completed

OVERVIEW

Presenting this well-maintained 7 unit multifamily investment property in one of Lancaster’s most desirable rental corridors. Built in 1983, this quality-constructed asset offers investors a stable, turnkey opportunity with strong long-term rental appeal. The property features an attractive unit mix comprised of four spacious 2 bedroom/1 bath units and three 1 bedroom/1 bath units, providing tenants with highly sought-after layouts that continue to drive strong occupancy and rental demand. All units have central A/C and heating. The property also offers 5 garages, 6 carport spaces and 1 uncovered parking space. Ideally situated just one block from Lancaster’s vibrant THE BLVD Cultural District, residents enjoy immediate access to an energetic mix of dining, entertainment, nightlife, shopping, and year-round community events along Lancaster Boulevard. This prime infill location enhances tenant desirability while positioning the asset within one of the city’s most established and walkable neighborhoods.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

7

PRICE/UNIT

$196,429

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,415 SF

ZONING

R2, Lancaster

APN/PARCEL ID

3133-011-033

ASK ABOUT THIS PROPERTY

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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