Four-Unit Apartment
For Sale
$640,000
400 E Lancaster Boulevard, Lancaster, CA 93535
Quadplex with individually metered units, on-site parking, and practical layouts near downtown Lancaster.
Property Size2,688 SF
Price / SF$238.10
Days on Market60
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Property Features for 400 E Lancaster Boulevard
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
individual metering
onsite parking
Building Details
Year Built
1955
Listing Agency:
California Realty & Associates
Listed By:
Jonathan Bradley · License #01987273
(562) 230-9762
Source:
Jessicadixonrealty
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 15 at 12:07AM
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 California Realty & Associates
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,688 square feet and was built in 1955. The building features functional unit layouts, individual utility metering, and on-site parking, providing a straightforward configuration for multifamily ownership.
The property is located at 400 E Lancaster Boulevard in Lancaster, California, with proximity to downtown, local schools, and major commuter corridors. Its four-unit format and individually metered design offer clearly defined operating characteristics for evaluating the asset.
The property is located at 400 E Lancaster Boulevard in Lancaster, California, with proximity to downtown, local schools, and major commuter corridors. Its four-unit format and individually metered design offer clearly defined operating characteristics for evaluating the asset.
Key Highlights
- Four‑unit multifamily property with 2,688 SF
- Individual metering for the units
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,941
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,820
$898.8K
Cap Rate 7%
$642,014
$642.0K
Cap Rate 9%
$499,344
$499.3K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$67.7K $25.20/SF
− Vacancy
−$3.5K −$1.32/SF
EGI
$64.2K $23.88/SF
− OpEx
−$19.3K −$7.17/SF
NOI
$44.9K $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%
$898,820
Cap Rate 7%
$642,014
Cap Rate 9%
$499,344
Alternative Uses
Best Use
Multifamily LT 5
$642.0K
$561.8K – $749.0K
NOI $44,941 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$574.8K
$503.0K – $670.6K
NOI $40,236 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$844.3K
$738.8K – $985.1K
NOI $59,103 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with individually metered units, on-site parking, and practical layouts near downtown Lancaster.
Where is this quadplex located?
The property is located at 400 E Lancaster Boulevard Lancaster, CA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 2,688 SF; Individual metering for the units; On‑site parking included
