Two-Story Townhome-Style
For Sale
$789,000
201 W Kettering, Lancaster, CA 93534
Each residence includes four bedrooms, two bathrooms, private yards, and direct-access garage parking.
Property Size2,240 SF
Price / SF$352.23
Days on Market21
Property Features for 201 W Kettering
General Information
Standard status
Active
Size
2,240 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2006
Buildings
1
Stories
2
Listing Agency:
Preferred Real Estate & Inv.
Listed By:
Samer Theodory · License #01501831
(714) 920-0773
Source:
Jessicadixonrealty
Added: Aug 22
Changed: Sep 11
Last Checked: Sep 9 at 10:33PM
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 Preferred Real Estate & Inv.
Investment Insights
Based on property information with market context.
This duplex contains two separate, two-story townhome-style residences with four bedrooms and two bathrooms apiece. Both homes feature open-concept interiors, updated kitchen cabinetry, stone countertops, and laminate wood flooring. Private front and rear yards extend the usable living area, while each residence has an attached 2-car garage with direct entry into the home.
The property is located in Lancaster and includes four total garage spaces across the two units. Its combination of larger residential layouts, individual outdoor areas, and separate garage access provides a configuration suited to multifamily ownership or an owner-user arrangement, subject to applicable requirements.
The property is located in Lancaster and includes four total garage spaces across the two units. Its combination of larger residential layouts, individual outdoor areas, and separate garage access provides a configuration suited to multifamily ownership or an owner-user arrangement, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with two‑story townhome‑style residences
- Each unit includes 4 bedrooms and 2 bathrooms
- Private front and backyard areas for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,451
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$749,020
$749.0K
Cap Rate 7%
$535,014
$535.0K
Cap Rate 9%
$416,122
$416.1K
Market Conditions
NOI Build-Up for 2,240 SF
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.
Gross rent
$56.4K $25.20/SF
− Vacancy
−$2.9K −$1.32/SF
EGI
$53.5K $23.88/SF
− OpEx
−$16.1K −$7.17/SF
NOI
$37.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$749,020
Cap Rate 7%
$535,014
Cap Rate 9%
$416,122
Alternative Uses
Best Use
Multifamily LT 5
$535.0K
$468.1K – $624.2K
NOI $37,451 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$703.6K
$615.7K – $820.9K
NOI $49,253 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,108
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes four bedrooms, two bathrooms, private yards, and direct-access garage parking.
Where is this duplex located?
The property is located at 201 W Kettering Lancaster, CA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two‑unit duplex with two‑story townhome‑style residences; Each unit includes 4 bedrooms and 2 bathrooms; Private front and backyard areas for both residences
