New
For Sale
$279,000
116 Nicobar, Lancaster, CA 93534
Lancaster, CA
Property Size1,300 SF
Lot Size0.11 Acres
Price / SF$214.62
Days on Market3
Property Features for 116 Nicobar
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Lot features
Desert Front
Elementary school district
Lancaster
Middle school district
Lancaster
High school district
Lancaster
Directions
head west on ave J turn left on dvision then left on Nicobar
Subdivision
LAC - Lancaster
Standard status
Active
APN
3138027005
Size
1,300 SF
Lot size
0.11 Acres
Utilities
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Listing Agency:
Beverly and Company
(805) 870-8448
Listed By:
Erick Escobar · License #02041651
(661) 998-0477
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 4:06AM
MLS# SR26231266
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,735
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,700
$434.7K
Cap Rate 7%
$310,500
$310.5K
Cap Rate 9%
$241,500
$241.5K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.8K $25.20/SF
− Vacancy
−$1.7K −$1.32/SF
EGI
$31.0K $23.88/SF
− OpEx
−$9.3K −$7.17/SF
NOI
$21.7K $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%
$434,700
Cap Rate 7%
$310,500
Cap Rate 9%
$241,500
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.3K
NOI $21,735 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$278.0K
$243.2K – $324.3K
NOI $19,459 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$408.3K
$357.3K – $476.4K
NOI $28,584 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,146
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
Where is this duplex located?
The property is located at 116 Nicobar Lancaster, CA.
What is the asking price?
The asking price for this property is $279,000.
