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    Four-Unit Quadplex with Two-Bedrooms Title is generated by Realmo AI

    1011 W Avenue H12, Lancaster, CA 93534

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    For Sale
    $1,090,000

    Quadruplex - Lancaster, CA

    Type:Quadruplex
    Property size:
    3,940 SF
    Lot size:
    7,637.00 Acres
    Price / SF:
    $276/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 1011 W Avenue H12

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Bedrooms
    8
    Bathrooms
    7
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    5
    Parking features
    Carport
    Exterior features
    Fence, Community Features Included: Curbs, Street Lights, 2-5 Units/Acre
    Fencing
    Fenced
    Standard status
    Active
    APN
    3120012011
    Size
    3,940 SF
    Lot size
    7,637.00 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Charly Daoud
    Charly Daoud

    Listing agent Charly Daoud License #02023368

    Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd, Burbank, CA

    Listing date Jun 4, 2026

    MLS# SR26122376 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1981‑built 4‑unit multifamily in Lancaster
    • Four 2‑bedroom, 1‑bath units
    • Approximately $7,478/month in gross rental income
    • Three of four units occupied by long‑term tenants for over 10 years
    • Central air with shingle roof
    • Carport parking plus fenced property with curbs and street lights

    Overview

    This quadplex offers four separately leased units, each configured with two bedrooms and one bathroom. The property is described as well maintained, and the current tenant mix includes long-term occupants, with three of the four units held by tenants for more than 10 years. The total gross rental income is approximately $7,478 per month, and the seller notes that the property has an established rental history. Buyer to independently verify all rental income, expenses, leases, and property information.

    Located in Lancaster, the property is positioned for convenient access to shopping, schools, employment centers, and major commuter routes, supporting day-to-day tenant needs. The listing is presented as an investment-focused acquisition in Los Angeles County, with a lot size of 0.1753 acres and an estimated building size of 3,940 square feet.

    For buyers seeking a small multifamily asset, this layout provides straightforward unit diversity while keeping the building configuration consistent across all four homes. The presence of long-term tenancy may appeal to investors looking for stability, while the offering’s income profile can support a range of owner objectives. As always, prospective purchasers should conduct their own due diligence regarding current rents, expenses, and lease terms before closing.

    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 $99.3k $25.20
    − Vacancy −$5.2k −$1.32
    EGI $94.1k $23.88
    − OpEx −$28.2k −$7.17
    NOI $65.9k $16.72
    3,940 SF · lease $25.20/SF/yr · vacancy 5.22% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $941.1K
    $823.4K – $1.10M (±1% cap)
    NOI $65,874 @ 7.0% cap · market cap 6.04%
    Second Best
    Apartment 5plus
    $842.5K
    $737.2K – $983.0K (±1% cap)
    NOI $58,977 @ 7.0% cap · market cap 5.41%
    Theoretical Best
    Office A
    $1.24M
    $1.08M – $1.44M (±1% cap)
    NOI $86,632 @ 7.0% cap · market cap 7.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.148564
    Latitude
    34.707807

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    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom, 1-bath units in a well-maintained quadplex near shopping and schools in Lancaster, CA.
    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 $1,090,000.
    What are key features of this property?
    This property features: 1981‑built 4‑unit multifamily in Lancaster; Four 2‑bedroom, 1‑bath units; Approximately $7,478/month in gross rental income
    (661) 916-4450
    We can help!
    Listing Contact
    Charly Daoud
    Charly Daoud
    Real Estate License ID: 02023368
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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