Four-Unit Multifamily
For Sale
$1,040,000
1011 W Avenue H12, Lancaster, CA 93534
Established tenants occupy three residences, alongside a fourth unit in the same residential property.
Property Size3,940 SF
Price / SF$263.96
Days on Market147
Property Features for 1011 W Avenue H12
General Information
Standard status
Active
Size
3,940 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$89,736
Tenant in Place
Yes
Building Details
Building Size
3,940 SF
Year Built
1981
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(661) 916-4450
Listed By:
Charly Daoud · License #02023368
(888) 652-1314
Source:
Give2giverealty
Added: Jun 4
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Greater Los Angeles, Inc.
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Investment Insights
Based on property information with market context.
This Lancaster multifamily property contains four residences, each configured with two bedrooms and one bathroom. The building was constructed in 1981 and totals 3,940 square feet. Three units have had tenants in place for more than 10 years, providing a history of long-term occupancy.
The property is located at 1011 W Avenue H12 in Lancaster, California. Its four-unit configuration and consistent tenant history are the primary features of the asset.
The property is located at 1011 W Avenue H12 in Lancaster, California. Its four-unit configuration and consistent tenant history are the primary features of the asset.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,940 square feet of building area
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,874
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,480
$1.3M
Cap Rate 7%
$941,057
$941.1K
Cap Rate 9%
$731,933
$731.9K
Market Conditions
NOI Build-Up for 3,940 SF
Gross rent
$99.3K $25.20/SF
− Vacancy
−$5.2K −$1.32/SF
EGI
$94.1K $23.88/SF
− OpEx
−$28.2K −$7.17/SF
NOI
$65.9K $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 Rate 5%
$1,317,480
Cap Rate 7%
$941,057
Cap Rate 9%
$731,933
Alternative Uses
Best Use
Multifamily LT 5
$941.1K
$823.4K – $1.10M
NOI $65,874 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$842.5K
$737.2K – $983.0K
NOI $58,977 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,632 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Established tenants occupy three residences, alongside a fourth unit in the same residential property.
Where is this quadplex located?
The property is located at 1011 W Avenue H12 Lancaster, CA.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,940 square feet of building area; Built in 1981
