44632 Fern Avenue Lancaster, CA 93534
MULTI_FAMILY - Lancaster, CA
Property Features for 44632 Fern Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LRR17000
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4
- Standard status
- Active
- APN
- 3133-021-020
- Size
- 2,163 SF
- Lot size
- 0.20 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Tile
Listing agent Augusto Hernandez License #01490556 (661) 492-4626
Listing office JohnHart Real Estate 3115-B Rancho Vista Blvd., Glendale, CA (818) 246-1099
Listing date May 21, 2026
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A newly built ADU is located at the rear of the property (2026) and includes one bedroom, a kitchen, and a full bathroom. The ADU is also equipped with a washer and dryer at no extra cost. The lot size is approximately 0.2 acres, and the property includes multiple RV power adapters intended to support RV use.
With both units located on a single parcel, the layout can appeal to buyers and operators seeking straightforward on-site income potential while retaining the convenience of an additional dwelling for guests, family, or an extra tenant. The property is described as being minutes from schools and downtown Lancaster, supporting everyday access for residents. Zoning is listed as LRR17000.
Key Highlights
- Two homes on one lot: main home plus a newly built ADU (2026)
- Main home features approx. 1,700 SF with 3 bedrooms, a bonus room, living room, dining room, and 2 full bathrooms
- Each main‑home bedroom has its own A/C unit; central heating and central air are also provided
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $25.20 |
| − Vacancy | −$2.8k | −$1.32 |
| EGI | $51.7k | $23.88 |
| − OpEx | −$15.5k | −$7.17 |
| NOI | $36.2k | $16.72 |
