Four-Unit Multifamily with Private
New
For Sale
$639,000
45110 Elm Avenue, Lancaster, CA 93534
MULTI_FAMILY - Lancaster, CA
Property Size1,697 SF
Lot Size0.20 Acres
Price / SF$376.55
Days on Market4
Property Features for 45110 Elm Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LRR2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4
Directions
10th to Jackman and Elm
Subdivision
03 - Lancaster West
Standard status
Active
APN
3134-001-011
Size
1,697 SF
Lot size
0.20 Acres
Building Details
Year built
1949
Number of units
4
Building materials
Frame, Stucco
Roof type
Composition
Listing Agency:
LPT Realty
(866) 366-2213
Listed By:
George Kpachavi · License #01839703
(310) 525-0528
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
MLS# 26005830
Copyright © 2026 Greater Antelope Valley Association of Realtors. 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.
Four-unit multifamily property featuring a front upgraded vacant two-bedroom, one-bath residence. Attached to the front is a private studio with its own separate entrance, creating additional rental flexibility. Two additional studios round out the configuration, and each studio includes its own private bath.
The property is designed for straightforward resident utility management, with each unit separately metered for gas and electric. Tenants have access to two covered alley-access parking spaces, and there is also a detached two-car garage with individual single doors for parking and storage.
Built in 1949, the building has frame and stucco construction and a composition roof. The property sits on a 0.2-acre lot.
The property is designed for straightforward resident utility management, with each unit separately metered for gas and electric. Tenants have access to two covered alley-access parking spaces, and there is also a detached two-car garage with individual single doors for parking and storage.
Built in 1949, the building has frame and stucco construction and a composition roof. The property sits on a 0.2-acre lot.
Key Highlights
- Four units: upgraded vacant two‑bedroom, one‑bath residence plus attached private studio with separate entrance
- Two additional studios, each with its own private bath
- Each unit is separately metered for gas and electric
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 | $48.9k | $28.80 |
| − Vacancy | −$2.7k | −$1.58 |
| EGI | $46.2k | $27.22 |
| − OpEx | −$20.8k | −$12.25 |
| NOI | $25.4k | $14.97 |
1,697 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.0K
$466.4K – $621.9K
NOI $37,313 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four-unit property on a 0.2-acre lot, built in 1949, with separately metered gas and electric units.
Where is this multifamily property located?
The property is located at 45110 Elm Avenue Lancaster, CA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Four units: upgraded vacant two‑bedroom, one‑bath residence plus attached private studio with separate entrance; Two additional studios, each with its own private bath; Each unit is separately metered for gas and electric
