Three-Unit Residential
For Sale
$795,000
45031 10th Street W, Lancaster, CA 93534
Two units include laundry rooms, and a remodeled rear residence has two permitted bedrooms.
Property Size2,507 SF
Price / SF$317.11
Days on Market62
Property Features for 45031 10th Street W
General Information
Standard status
Active
Size
2,507 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
laundry room
fenced yard
storage unit
Building Details
Building Size
2,507 SF
Year Built
1951
Listing Agency:
GEN23 Real Estate
(909) 921-6997
Listed By:
Hilda Del Castillo · License #01836993
(833) 443-6237
Source:
Give2giverealty
Added: Aug 28
Changed: Oct 27
Last Checked: Oct 27 at 3:33AM
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 GEN23 Real Estate
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Investment Insights
Based on property information with market context.
This 2,507-square-foot triplex comprises three residences. The front units offer three bedrooms and two bedrooms, respectively, with one bathroom and a laundry room in each. A separate rear building contains a remodeled residence with two permitted bedrooms and one bathroom. The property was built in 1951.
Site features include a fenced lawn, a separate storage unit, and alley access with parking. The three addresses are 45031, 45033, and 45035 10th Street West in Lancaster, California.
Site features include a fenced lawn, a separate storage unit, and alley access with parking. The three addresses are 45031, 45033, and 45035 10th Street West in Lancaster, California.
Key Highlights
- Three residential units across three addresses: 45031, 45033, and 45035 10th Street West
- 2,507 square feet; built in 1951
- Front residences have 3 bedrooms and 2 bedrooms, each with one bathroom and a laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,915
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,300
$838.3K
Cap Rate 7%
$598,786
$598.8K
Cap Rate 9%
$465,722
$465.7K
Market Conditions
NOI Build-Up for 2,507 SF
Gross rent
$63.2K $25.20/SF
− Vacancy
−$3.3K −$1.32/SF
EGI
$59.9K $23.88/SF
− OpEx
−$18.0K −$7.17/SF
NOI
$41.9K $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%
$838,300
Cap Rate 7%
$598,786
Cap Rate 9%
$465,722
Alternative Uses
Best Use
Multifamily LT 5
$598.8K
$523.9K – $698.6K
NOI $41,915 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$536.1K
$469.1K – $625.5K
NOI $37,527 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$787.5K
$689.1K – $918.7K
NOI $55,124 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
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Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Two units include laundry rooms, and a remodeled rear residence has two permitted bedrooms.
Where is this triplex located?
The property is located at 45031 10th Street W Lancaster, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three residential units across three addresses: 45031, 45033, and 45035 10th Street West; 2,507 square feet; built in 1951; Front residences have 3 bedrooms and 2 bedrooms, each with one bathroom and a laundry room
