Duplex with Detached
For Sale
$549,990
44636 Cedar Avenue, Lancaster, CA 93534
Residential Income, Lancaster, CA
Property Size2,420 SF
Lot Size0.24 Acres
Price / SF$227.27
Days on Market22
Property Features for 44636 Cedar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LRR2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4
Directions
Cedar Ave
Subdivision
03 - Lancaster West
Standard status
Active
APN
3134-022-015
Size
2,420 SF
Lot size
0.24 Acres
Building Details
Year built
1919
Number of units
2
Building materials
Stucco, Wood Siding, Shingle Siding
Listing Agency:
Marro Real Estate, Inc.
(661) 951-7877
Listed By:
Esperanza M Marroquin · License #01385504
(661) 733-6893
Added: Aug 13
Changed: Sep 2
Last Checked: Sep 3 at 10:06PM
MLS# 26006364
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.
This Lancaster duplex contains two separate residences with a combined property size of 2,420 square feet. The 44636 unit offers approximately 908 square feet with 2 bedrooms and 1 bathroom, while the 44640 unit provides approximately 1,512 square feet with 3 bedrooms and 2 bathrooms. One residence is vacant and has been renovated with a new roof, windows, flooring, lighting, granite countertops, cabinetry, and a rebuilt garage. The other is occupied by a long-term tenant under a month-to-month arrangement.
The property includes detached garages measuring 486 square feet and 726 square feet. Built in 1919, it features stucco, wood siding, and shingle siding construction materials and is zoned LRR2. The detached garage improvements may offer potential for ADU conversion, subject to applicable requirements.
The property includes detached garages measuring 486 square feet and 726 square feet. Built in 1919, it features stucco, wood siding, and shingle siding construction materials and is zoned LRR2. The detached garage improvements may offer potential for ADU conversion, subject to applicable requirements.
Key Highlights
- Duplex with two separate residences totaling 2,420 square feet
- Vacant 2‑bedroom, 1‑bath unit with approximately 908 square feet
- Occupied 3‑bedroom, 2‑bath unit with approximately 1,512 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,460
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$809,200
$809.2K
Cap Rate 7%
$578,000
$578.0K
Cap Rate 9%
$449,556
$449.6K
Market Conditions
NOI Build-Up for 2,420 SF
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.
Gross rent
$61.0K $25.20/SF
− Vacancy
−$3.2K −$1.32/SF
EGI
$57.8K $23.88/SF
− OpEx
−$17.3K −$7.17/SF
NOI
$40.5K $16.72/SF
Area
Lancaster, CA
Vacancy
5.22%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$809,200
Cap Rate 7%
$578,000
Cap Rate 9%
$449,556
Alternative Uses
Best Use
Multifamily LT 5
$578.0K
$505.8K – $674.3K
NOI $40,460 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$517.5K
$452.8K – $603.7K
NOI $36,224 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$760.2K
$665.1K – $886.9K
NOI $53,211 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include one renovated unit and one month-to-month tenancy.
Where is this duplex located?
The property is located at 44636 Cedar Avenue Lancaster, CA.
What is the asking price?
The asking price for this property is $549,990.
What are key features of this property?
This property features: Duplex with two separate residences totaling 2,420 square feet; Vacant 2‑bedroom, 1‑bath unit with approximately 908 square feet; Occupied 3‑bedroom, 2‑bath unit with approximately 1,512 square feet
