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Lancaster Duplex: Income Opportunity

45414-16 Corkwood Avenue Lancaster, CA 93534

Claim this Listing
Pending
$499,000

MULTI_FAMILY - Lancaster, CA

Property size:
1,613 SF
Lot size:
0.14 Acres
Added:
Jan 2, 2026
Days on Market:
190
Last Refresh:
Jul 11 at 1:06 am

Property Features for 45414-16 Corkwood Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
LRR2
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Standard status
Pending
APN
3135-007-030
Size
1,613 SF
Lot size
0.14 Acres

Utilities

Cooling system
Evaporative Cooling

Building Details

Year built
1957
Number of units
2
Building materials
Stucco, Wood Siding, Shingle Siding

Listing agent Yvette L Gonzales License #01826203

Listing office Keller Williams Realty A.V. 1401 W Rancho Vista Blvd Suite B, Palmdale, CA

Listing date Jan 2, 2026

MLS# 26000011 Listing URL

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 well-maintained duplex in Lancaster, CA, presents an opportunity to acquire a cash-flowing property. The property features two spacious 2-bedroom, 1-bath units, similar in size and designed for comfortable living. Both units include in-kitchen laundry hook-ups and are currently tenant-occupied, providing immediate rental income. Each unit has its own fenced backyard, offering privacy and outdoor space. The front unit also includes access to a two-car garage. The property is situated on a lot of 0.14 acres. The property size is 1613 square feet. The zoning is LRR2. This property is ideal for investors looking to expand their holdings or step into multi-unit ownership.

Key Highlights

  • Duplex built in 1957 with two 2‑bedroom, 1‑bath units
  • Evaporative cooling
  • Each unit includes in‑kitchen laundry hook‑ups

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 $40.6k $25.20
− Vacancy −$2.1k −$1.32
EGI $38.5k $23.88
− OpEx −$11.6k −$7.17
NOI $27.0k $16.72
1,613 SF · lease $25.20/SF/yr · vacancy 5.22% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$385.3K
$337.1K – $449.5K (±1% cap)
NOI $26,968 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.4K (±1% cap)
NOI $24,145 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$506.7K
$443.3K – $591.1K (±1% cap)
NOI $35,466 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Locksmith Storage Facility Electrical Service Travel Agency Grocery & Convenience Store Acupuncture (Bike/Boat/Book/etc) Store Pet Store Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with immediate rental income in Lancaster, CA.
Where is this duplex located?
The property is located at 45414-16 Corkwood Avenue Lancaster, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex built in 1957 with two 2‑bedroom, 1‑bath units; Evaporative cooling; Each unit includes in‑kitchen laundry hook‑ups
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