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Listed by Alex Duarte • First Team Real Estate
$ 500,000
Est. payment /mo
Active Under Contract
1231 W Avenue H15 Lancaster, CA 93534
1,625 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,625 sqft
Price per Sqft $307
MLS Listing ID CROC25101014
HOA Y/N No
Year Built 1954
Lot Size 7,542 Sqft
Property Sub-Type Duplex
Source Datashare California Regional
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.
Location
State CA
County Los Angeles
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Vinyl, Carpet
Fireplace No
Laundry Other, Inside
Exterior
View None
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