Seven-Unit Multifamily
44751 FERN AVE Lancaster, CA 93534
For Sale
Contact for pricing
Well-maintained income property featuring seven units, offering a straightforward option for residential rental ownership.
Property Size5,050 SF
Price / SF$272.28
Days on Market61
Property Features for 44751 FERN AVE
General Information
- Standard status
- Active
- Size
- 5,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing Agency:
RE/MAX Commercial & Investment Realty
(213) 817-1000
Listed By:
Shant Sherbetdjian · License #CA 1713570
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 25 at 1:42PM
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 RE/MAX Commercial & Investment Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of seven units in a residential income building. It is presented as an apartment-type investment opportunity, with the unit count providing the core basis for how the property functions operationally.
Located at 44751 Fern Ave in Lancaster, California (93534), the property’s address places it within the Lancaster market area. As a multi-unit building, it is designed for ongoing residential leasing, rather than single-tenant occupancy.
For buyers seeking a small, manageable residential income asset, a seven-unit structure can be an appealing size for day-to-day ownership and tenant turnover. The property’s documented configuration supports a rental business model centered on multiple residential units under one ownership. If you’re evaluating income property options in Lancaster, this offering provides a clear unit count and residential apartment format to help frame underwriting and operational planning, including staffing and maintenance considerations associated with a seven-unit building.
Located at 44751 Fern Ave in Lancaster, California (93534), the property’s address places it within the Lancaster market area. As a multi-unit building, it is designed for ongoing residential leasing, rather than single-tenant occupancy.
For buyers seeking a small, manageable residential income asset, a seven-unit structure can be an appealing size for day-to-day ownership and tenant turnover. The property’s documented configuration supports a rental business model centered on multiple residential units under one ownership. If you’re evaluating income property options in Lancaster, this offering provides a clear unit count and residential apartment format to help frame underwriting and operational planning, including staffing and maintenance considerations associated with a seven-unit building.
Key Highlights
- 7‑unit residential income property in Lancaster
- Built in 1983
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 | $145.4k | $28.80 |
| − Vacancy | −$8.0k | −$1.58 |
| EGI | $137.4k | $27.22 |
| − OpEx | −$61.8k | −$12.25 |
| NOI | $75.6k | $14.97 |
5,050 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$944.9K – $1.26M
NOI $75,592 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,039 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained income property featuring seven units, offering a straightforward option for residential rental ownership.
Where is this apartment building located?
The property is located at 44751 FERN AVE Lancaster, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 7‑unit residential income property in Lancaster; Built in 1983
