Residential Income Property with
For Sale
$500,000
45019 Division, Lancaster, CA 93535
A 2006-built residence includes central air conditioning and a private rear-facing garage.
Property Size1,796 SF
Days on Market14
Property Features for 45019 Division
General Information
Standard status
Active
Size
1,796 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$20,400
Amenities
Central Air
Dishwasher, Gas Oven, Gas Range, Range Hood, Water Heater
Master Downstairs
Chain Link, Wood
Garage, Private, Garage Faces Rear
Contemporary
Building Details
Building Size
1,796 SF
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Berkshire Hathaway HomeServices Troth, Realtors
Listed By:
Mark Troth · License #00825926
(661) 810-7662
Source:
Evrealestate
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 1:56AM
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 Berkshire Hathaway HomeServices Troth, Realtors
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Investment Insights
Based on property information with market context.
This residential income property was built in 2006 and has a contemporary design. Interior features include central air conditioning, a dishwasher, gas oven, gas range, range hood, and water heater. The primary bedroom is located downstairs. A private garage faces the rear of the property.
The property is on Division Street in Lancaster, California, on the west side of the street, north of Lancaster Boulevard.
The property is on Division Street in Lancaster, California, on the west side of the street, north of Lancaster Boulevard.
Key Highlights
- Built in 2006
- Central air conditioning
- Dishwasher, gas oven, gas range, range hood, and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,884
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,680
$537.7K
Cap Rate 7%
$384,057
$384.1K
Cap Rate 9%
$298,711
$298.7K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$51.7K $28.80/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$48.9K $27.22/SF
− OpEx
−$22.0K −$12.25/SF
NOI
$26.9K $14.97/SF
Area
Lancaster, CA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,680
Cap Rate 7%
$384,057
Cap Rate 9%
$298,711
Alternative Uses
Best Use
Apartment 5plus
$384.1K
$336.1K – $448.1K
NOI $26,884 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.1K
$493.6K – $658.2K
NOI $39,490 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,108
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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Frequently Asked Questions
What type of property is this?
Residential income property - A 2006-built residence includes central air conditioning and a private rear-facing garage.
Where is this residential income property located?
The property is located at 45019 Division Lancaster, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Built in 2006; Central air conditioning; Dishwasher, gas oven, gas range, range hood, and water heater
