Two-Unit Duplex
For Sale
$599,900
45348 W 10th Street, Lancaster, CA 93534
Residential Income, Lancaster, CA
Property Size1,731 SF
Lot Size0.17 Acres
Price / SF$346.56
Days on Market173
Property Features for 45348 W 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LRR2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Directions
Take 14 N freeway. Exit on Avenue I. Head east. Turn left on 10th St W.
Subdivision
03 - Lancaster West
Standard status
Active
APN
3135-017-003
Size
1,731 SF
Lot size
0.17 Acres
Utilities
Cooling system
Evaporative Cooling
Building Details
Year built
1953
Number of units
2
Building materials
Wood Siding, Shingle Siding
Listing Agency:
Century 21 Doug Anderson · Century 21 Real Estate
(661) 945-4521
Listed By:
Israel Sanchez · License #01854308
(661) 470-3763
Added: Mar 20
Changed: Sep 7
Last Checked: Sep 8 at 12:06AM
MLS# 26002348
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 duplex contains two residential units, each arranged with two bedrooms and one bathroom. The property totals 1731 square feet, with approximately 865 Sq Ft of living space per unit, on a 0.17-acre lot. Built in 1953, the improvements feature wood and shingle siding along with evaporative cooling. The property is zoned LRR2.
Located at 45348 W 10th Street in Lancaster, the duplex offers access to nearby freeway connections, shopping centers, restaurants, Cinemark, and Lancaster Municipal Stadium. Its two-unit layout and established residential improvements provide a straightforward multifamily configuration for an owner or investor.
Located at 45348 W 10th Street in Lancaster, the duplex offers access to nearby freeway connections, shopping centers, restaurants, Cinemark, and Lancaster Municipal Stadium. Its two-unit layout and established residential improvements provide a straightforward multifamily configuration for an owner or investor.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom per residence
- 1731 square feet of total property size
- Approximately 865 Sq Ft of living space per unit
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
$28,941
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
4.82%
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%
$578,820
$578.8K
Cap Rate 7%
$413,443
$413.4K
Cap Rate 9%
$321,567
$321.6K
Market Conditions
NOI Build-Up for 1,731 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
$43.6K $25.20/SF
− Vacancy
−$2.3K −$1.32/SF
EGI
$41.3K $23.88/SF
− OpEx
−$12.4K −$7.17/SF
NOI
$28.9K $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%
$578,820
Cap Rate 7%
$413,443
Cap Rate 9%
$321,567
Alternative Uses
Best Use
Multifamily LT 5
$413.4K
$361.8K – $482.4K
NOI $28,941 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$370.2K
$323.9K – $431.9K
NOI $25,911 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$543.7K
$475.8K – $634.4K
NOI $38,061 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
801
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms and one bathroom in a practical rental configuration.
Where is this duplex located?
The property is located at 45348 W 10th Street Lancaster, CA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom per residence; 1731 square feet of total property size; Approximately 865 Sq Ft of living space per unit
