Duplex with Private
New
For Sale
$549,999
45408 Corkwood Avenue, Lancaster, CA 93534
Residential Income, Lancaster, CA
Property Size1,613 SF
Lot Size0.14 Acres
Price / SF$340.98
Days on Market2
Property Features for 45408 Corkwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LRR2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Directions
Ave. H-8 & Beech
Subdivision
03 - Lancaster West
Standard status
Active
APN
3135-007-031
Size
1,613 SF
Lot size
0.14 Acres
Utilities
Cooling system
Evaporative Cooling
Amenities
garage
private backyard
storage shed
Building Details
Year built
1957
Number of units
2
Building materials
Concrete, Stucco, Wood Siding
Roof type
Composition
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Lilyana Torres Zverina · License #02101292
(661) 886-1781
Added: Oct 1
Last Checked: Oct 2 at 2:06AM
MLS# 26007554
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.
This duplex contains two separate units, each configured with 2 bedrooms and 1 bathroom. Recent work includes replacement windows, kitchen cabinets and countertops, interior paint, bathroom updates, and new fixtures. The property also has a new driveway, and each residence has a private backyard and its own storage shed. A garage serving the first unit is currently rented separately.
Built in 1957, the property contains 1,613 square feet on a 0.14-acre lot. Evaporative cooling serves the building, and the roof is composition.
Built in 1957, the property contains 1,613 square feet on a 0.14-acre lot. Evaporative cooling serves the building, and the roof is composition.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,613 square feet on a 0.14‑acre lot
- Updated windows, kitchen cabinets and countertops, bathrooms, interior paint, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,360
$539.4K
Cap Rate 7%
$385,257
$385.3K
Cap Rate 9%
$299,644
$299.6K
Market Conditions
NOI Build-Up for 1,613 SF
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.
Gross rent
$40.6K $25.20/SF
− Vacancy
−$2.1K −$1.32/SF
EGI
$38.5K $23.88/SF
− OpEx
−$11.6K −$7.17/SF
NOI
$27.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,360
Cap Rate 7%
$385,257
Cap Rate 9%
$299,644
Alternative Uses
Best Use
Multifamily LT 5
$385.3K
$337.1K – $449.5K
NOI $26,968 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.4K
NOI $24,145 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$506.7K
$443.3K – $591.1K
NOI $35,466 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
676
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two upgraded residences offer separate outdoor areas, backyard storage, and a garage associated with one unit.
Where is this duplex located?
The property is located at 45408 Corkwood Avenue Lancaster, CA.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,613 square feet on a 0.14‑acre lot; Updated windows, kitchen cabinets and countertops, bathrooms, interior paint, and fixtures
