Renovated Two-Unit
45445 Cedar Ave, Lancaster, CA 93534
For Sale
$523,800
Both residences have updated kitchens and bathrooms, individual A/C systems, and included laundry appliances.
Property Size1,613 SF
Lot Size0.14 Acres
Price / SF$324.74
Days on Market273
Property Features for 45445 Cedar Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Stories
Listing Agency:
Century 21 Masters
Listed By:
Marco Hernandez · License CA #01263890
(818) 346-7362
Source:
Findhomesinsandiegoarea
Added: Feb 14
Changed: Nov 9
Last Checked: Nov 10 at 11:46AM
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 Century 21 Masters
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story duplex contains 1,613 sq. ft. across two residences, each configured with two bedrooms and one bathroom. Interior work includes laminate flooring, fresh paint, updated baseboards and hardware, and high ceilings. Both kitchens have new cabinetry, quartz counters, stainless steel sinks, refrigerators, stoves, washers, and dryers. Bathrooms feature tiled showers with oversized shower heads and built-in shelving, along with updated vanities, mirrors, lighting, and toilets.
Property improvements also include energy-efficient windows, a new roof, individual A/C systems, and a freshly painted exterior. A two-car garage serves the property, which occupies a 6,098 sq. ft. lot in Lancaster.
Property improvements also include energy-efficient windows, a new roof, individual A/C systems, and a freshly painted exterior. A two-car garage serves the property, which occupies a 6,098 sq. ft. lot in Lancaster.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,613 sq. ft. of living space on a 6,098 sq. ft. lot
- Updated kitchens with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,968
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
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
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 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 5.15%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.4K
NOI $24,145 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$506.7K
$443.3K – $591.1K
NOI $35,466 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$339,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Los Angeles County, CA
Properties on Market for Duplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have updated kitchens and bathrooms, individual A/C systems, and included laundry appliances.
Where is this duplex located?
The property is located at 45445 Cedar Ave Lancaster, CA.
What is the asking price?
The asking price for this property is $523,800.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,613 sq. ft. of living space on a 6,098 sq. ft. lot; Updated kitchens with quartz countertops and stainless steel appliances
