4-Unit Quadplex with
For Sale
$1,106,000
43731 8th Street E, Lancaster, CA 93535
Lancaster, CA
Property Size4,468 SF
Lot Size0.27 Acres
Price / SF$247.54
Days on Market39
Property Features for 43731 8th Street E
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 5, Laundry Room, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 8, Bedroom 9, Bedroom 3, Kitchen, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 7
Parking
8
Parking features
Garage
Window features
Screens, Bay Window(s), Blinds
Interior features
Balcony, Ceiling Fan(s), Open Floorplan, Storage
Fireplace
1
Appliances
Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher
Lot features
Landscaped, 0-1 Unit/ Acre, Level, Front Yard, Sprinkler System, Lawn
Directions
From CA-14, exit Avenue K, head east, then turn north on 8th St E to the property.
Subdivision
LAC - Lancaster
Standard status
Active
APN
3140030026
Lot size
0.27 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile
Building materials
Wood Siding, Frame, Concrete, Stucco, Glass, Drywall Walls
Roof type
Tile
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Real Brokerage Technologies, Inc.
(619) 248-6434
Listed By:
Sergei Hovsepyan · License #01992656
(818) 929-1158
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# SR26151223
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.
Investment Insights
Based on property information with market context.
This tenant-occupied quadplex contains four separate units with approximately 4,468 square feet of living space, nine bedrooms, and nine bathrooms. Each residence has its own floor plan, private two-car garage, separate gas and electric meters, and individual laundry hookups. Interior features include balconies, storage, open floor plans, ceiling fans, laminate and tile flooring, and fireplaces. The property was built in 1987 and is served by public water and public sewer, with forced-air heating and window or wall/window cooling units.
Located at 43731 8th Street E in Downtown Lancaster, the property is near schools, shopping centers, restaurants, supermarkets, and gas stations, with access to nearby freeways. The 0.2653-acre site includes tile roofing and garage parking. The property is operating at an approximately 6% cap rate.
Located at 43731 8th Street E in Downtown Lancaster, the property is near schools, shopping centers, restaurants, supermarkets, and gas stations, with access to nearby freeways. The 0.2653-acre site includes tile roofing and garage parking. The property is operating at an approximately 6% cap rate.
Key Highlights
- Four‑unit property with approximately 4,468 square feet of living space
- 9 bedrooms and 9 bathrooms across four separate units
- Each unit includes a private two‑car garage and individual laundry hookups
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
$74,701
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
6.75%
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%
$1,494,020
$1.5M
Cap Rate 7%
$1,067,157
$1.1M
Cap Rate 9%
$830,011
$830.0K
Market Conditions
NOI Build-Up for 4,468 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
$112.6K $25.20/SF
− Vacancy
−$5.9K −$1.32/SF
EGI
$106.7K $23.88/SF
− OpEx
−$32.0K −$7.17/SF
NOI
$74.7K $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 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%
$1,494,020
Cap Rate 7%
$1,067,157
Cap Rate 9%
$830,011
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$933.8K – $1.25M
NOI $74,701 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$955.4K
$836.0K – $1.11M
NOI $66,881 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,242 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
393
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with separate utility metering, private garages, and individual laundry hookups.
Where is this quadplex located?
The property is located at 43731 8th Street E Lancaster, CA.
What is the asking price?
The asking price for this property is $1,106,000.
What are key features of this property?
This property features: Four‑unit property with approximately 4,468 square feet of living space; 9 bedrooms and 9 bathrooms across four separate units; Each unit includes a private two‑car garage and individual laundry hookups
