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    Lancaster Multifamily Investment Opportunity

    44751 Fern Ave Lancaster, CA 93534

    Claim this Listing
    For Sale
    $1,375,000

    MULTI_FAMILY - Lancaster, CA

    Property size:
    5,050 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $272/SF
    Added:
    May 26, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 11 at 2:06 pm

    Property Features for 44751 Fern Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LRR2*
    Bedrooms
    11
    Bathrooms
    7
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 11, Bathroom 7, Bathroom 5, Bedroom 6, Bedroom 9, Bathroom 1, Bedroom 8, Bathroom 6, Bedroom 7
    Parking
    12
    Parking features
    Carport, Covered, Garage
    Standard status
    Active
    APN
    3133-011-033
    Size
    5,050 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    7

    Listing agent Shant Sherbetdjian License #01713570

    Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA

    Listing date May 26, 2026

    MLS# 26838667 Listing URL

    Copyright © 2026 The MLS/CLAW. 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 well-maintained 7-unit multifamily property, constructed in 1983, is located in a desirable rental corridor of Lancaster. The property offers a stable, turnkey investment opportunity. The unit mix includes four 2-bedroom/1-bath units and three 1-bedroom/1-bath units. All units have central A/C and heating. Parking includes 5 garages, 6 carport spaces, and 1 uncovered parking space. Situated one block from Lancaster's Cultural District, residents have access to dining, entertainment, nightlife, shopping, and community events along Lancaster Boulevard. The property is located in an established and walkable neighborhood. The lot size is 0.2823 acres, and the property size is 5050 square feet. The zoning is LRR2*.

    Key Highlights

    • Built in 1983, 7‑unit multifamily property with central heating and central A/C in all units
    • Unit mix includes four 2 bed/1 bath units and three 1 bed/1 bath units
    • Parking includes 5 garages, 6 carport spaces, and 1 uncovered parking space

    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 $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 (±1% cap)
    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 (±1% cap)
    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

    Suggested Use

    Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Travel Agency (Bike/Boat/Book/etc) Store Home Appliance Store Locksmith (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 7-unit multifamily property near Lancaster's Cultural District.
    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: Built in 1983, 7‑unit multifamily property with central heating and central A/C in all units; Unit mix includes four 2 bed/1 bath units and three 1 bed/1 bath units; Parking includes 5 garages, 6 carport spaces, and 1 uncovered parking space
    Contact an agent
    (626) 657-8150
    We can help!
    Contact an agent
    Shant Sherbetdjian
    Real Estate License ID: 01713570
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