Four-Duplex Multifamily
3118 E Avenue H8 Lancaster, CA 93535
New
3118 E Avenue H8, Lancaster, CA, 93535
$1,550,000
For Sale
$1,550,000
MULTI_FAMILY - Lancaster, CA
Property Size4,800 SF
Lot Size0.99 Acres
Price / SF$322.92
Days on Market2
Property Features for 3118 E Avenue H8
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LRD21
- Bedrooms
- 16
- Rooms
- Bedroom 16, Bedroom 1, Bedroom 7, Bedroom 4, Bedroom 11, Bedroom 3, Bedroom 12, Bedroom 6, Bedroom 8, Bedroom 14, Bedroom 13, Bedroom 15, Bedroom 10, Bedroom 9, Bedroom 5, Bedroom 2
- Standard status
- Active
- APN
- 3154-008-082
- Size
- 4,800 SF
- Lot size
- 0.99 Acres
Utilities
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1956
- Number of units
- 8
- Building materials
- Stucco, Wood Siding, Shingle Siding
Listing Agency
California Realty & Associates
(360) 921-9483
29314 Stadia Hill Ln, Rancho Palos Verdes, CA
Listed by
Jonathan Bradley · License #01987273
(562) 230-9762
Added: Jul 17 Checked: Jul 18 at 5:06 am
MLS# 26005564
Listing URL
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property is a unique compound consisting of four separate duplexes, providing a total of 8 residential units. Each unit features a 2-bedroom, 1-bathroom layout.
The property is located in Lancaster, CA on E Avenue H8. The site totals 0.99 acres.
With all units sharing the same 2-bedroom, 1-bath configuration, the building offers a straightforward, repeatable unit mix within the four-duplex setup.
The property is located in Lancaster, CA on E Avenue H8. The site totals 0.99 acres.
With all units sharing the same 2-bedroom, 1-bath configuration, the building offers a straightforward, repeatable unit mix within the four-duplex setup.
Key Highlights
- 0.99‑acre lot with a unique compound of four separate duplexes
- Total of 8 units, each with a 2‑bedroom, 1‑bath layout
- Year built: 1956
Local Financial Insights For Apartment 5plus
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 | $138.2k | $28.80 |
| − Vacancy | −$7.6k | −$1.58 |
| EGI | $130.6k | $27.22 |
| − OpEx | −$58.8k | −$12.25 |
| NOI | $71.9k | $14.97 |
4,800 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$898.1K – $1.20M
NOI $71,850 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,542 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Compound of four separate duplexes totaling eight 2-bedroom, 1-bath units on a 0.99-acre lot.
Where is this apartment building located?
The property is located at 3118 E Avenue H8 Lancaster, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 0.99‑acre lot with a unique compound of four separate duplexes; Total of 8 units, each with a 2‑bedroom, 1‑bath layout; Year built: 1956
