Quadplex with Long-Term
For Sale
$1,060,000
1011 Ave H-12, Lancaster, CA 93534
Four-unit residential income property with central air and established occupancy history in Lancaster.
Property Size3,940 SF
Price / SF$269.04
Days on Market164
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Property Features for 1011 Ave H-12
General Information
Standard status
Active
Size
3,940 SF
Property subtype
Multi-Family
Zoning
LRR3*
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$89,736
Amenities
Central Air
Central
Shingle
Stucco, See Remarks
Building Details
Year Built
1981
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
Listed By:
Charly Daoud · License #02023368
(661) 916-4450
Source:
Compass
Added: May 5
Changed: Oct 10
Last Checked: Oct 15 at 1:31AM
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.
Investment Insights
Based on property information with market context.
Built in 1981, this 3,940-square-foot quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property includes central air and central heating, with stucco and shingle exterior finishes. Three units have had the same long-term tenants for more than 10 years, providing an established occupancy history.
The property is located at 1011 Ave H-12 in Lancaster, California, with access to shopping, schools, employment centers, and major commuter routes. Its four-unit configuration and existing tenant history provide a defined multifamily format for an owner or investor evaluating a residential income property.
The property is located at 1011 Ave H-12 in Lancaster, California, with access to shopping, schools, employment centers, and major commuter routes. Its four-unit configuration and existing tenant history provide a defined multifamily format for an owner or investor evaluating a residential income property.
Key Highlights
- Four‑unit multifamily property with four 2‑bedroom, 1‑bath units
- 3,940 square feet across the quadplex
- Three units occupied by long‑term tenants for over 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,874
Cap Rate
6.21%
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 6.21%
Second Best
Apartment 5plus
$842.5K
$737.2K – $983.0K
NOI $58,977 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,632 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
266
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with central air and established occupancy history in Lancaster.
Where is this quadplex located?
The property is located at 1011 Ave H-12 Lancaster, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Four‑unit multifamily property with four 2‑bedroom, 1‑bath units; 3,940 square feet across the quadplex; Three units occupied by long‑term tenants for over 10 years
