Renovated Two-Unit
For Sale
$299,900
13841 E Avenue G8, Lancaster, CA 93535
Each attached residence has one bedroom, one bathroom, and its own mini-split heating and cooling system.
Property Size1,012 SF
Price / SF$296.34
Days on Market14
Property Features for 13841 E Avenue G8
General Information
Standard status
Active
Size
1,012 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Building Size
1,012 SF
Year Built
1951
Listing Agency:
Real Brokerage Technologies, Inc.
(661) 341-4424
Listed By:
Eric Cussimonio · License #02109413
(916) 848-7554
Source:
Give2giverealty
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:27PM
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 Real Brokerage Technologies, Inc.
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Investment Insights
Based on property information with market context.
The duplex contains two attached residences, each arranged with one bedroom and one bathroom. Together, the units provide approximately 1,012 square feet of living space. Updates include kitchens and bathrooms, new flooring, dual-pane windows, and mini-split heating and cooling. The property also has a concrete driveway and replacement garage doors.
Set on more than an acre, the property includes substantial land around the residences. It was built in 1951.
Set on more than an acre, the property includes substantial land around the residences. It was built in 1951.
Key Highlights
- Two attached residences, each with 1 bedroom and 1 bathroom
- Approximately 1,012 square feet of combined living space
- More than an acre of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,920
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,400
$338.4K
Cap Rate 7%
$241,714
$241.7K
Cap Rate 9%
$188,000
$188.0K
Market Conditions
NOI Build-Up for 1,012 SF
Gross rent
$25.5K $25.20/SF
− Vacancy
−$1.3K −$1.32/SF
EGI
$24.2K $23.88/SF
− OpEx
−$7.3K −$7.17/SF
NOI
$16.9K $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%
$338,400
Cap Rate 7%
$241,714
Cap Rate 9%
$188,000
Alternative Uses
Best Use
Multifamily LT 5
$241.7K
$211.5K – $282.0K
NOI $16,920 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$216.4K
$189.4K – $252.5K
NOI $15,148 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$317.9K
$278.2K – $370.9K
NOI $22,252 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 93535, CA
82,149
Population
23,917
Households
3.4
Avg Household Size
31
Median Age
14%
College-Educated
78%
High-School Grad
239.0 sq mi
ZIP Area
344
Density / Sq Mi
$65,989
Median Household Income
$41,834
Median Earnings
$1,650
Median Rent
$336,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each attached residence has one bedroom, one bathroom, and its own mini-split heating and cooling system.
Where is this duplex located?
The property is located at 13841 E Avenue G8 Lancaster, CA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two attached residences, each with 1 bedroom and 1 bathroom; Approximately 1,012 square feet of combined living space; More than an acre of land
