4-Unit Multifamily
New
For Sale
$590,000
47428 5th Street, Lancaster, CA 93534
Residential Income, Lancaster, CA
Property Size2,634 SF
Lot Size2.36 Acres
Price / SF$223.99
Days on Market3
Property Features for 47428 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LCD21
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 3, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6
Directions
Division to Ave F to 5th St. West
Subdivision
03 - Lancaster West
Standard status
Active
APN
3137-001-044
Size
2,634 SF
Lot size
2.36 Acres
Utilities
Cooling system
Ductless
Building Details
Year built
1957
Number of units
4
Building materials
Frame, Stucco, Shingle Siding
Listing Agency:
RE/MAX All-Pro · RE/MAX International
(661) 945-9461
Listed By:
Lorena Semerenko · License #01960907
(661) 202-0015
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 7:06AM
MLS# 26008042
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.
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 multifamily property comprises two duplexes with four units, 2,634 square feet, eight bedrooms, and four bathrooms. The residences were built in 1957 and are set on 2.36 acres of flat, fenced land. Additional site improvements include a detached garage, several sheds, and an older barn. The property is zoned LCD21.
Located in a rural area of Lancaster, the property has access to Highway 14. Its combination of two duplex buildings and multiple outbuildings defines the site’s existing residential and storage configuration.
Located in a rural area of Lancaster, the property has access to Highway 14. Its combination of two duplex buildings and multiple outbuildings defines the site’s existing residential and storage configuration.
Key Highlights
- Two duplexes provide four residential units
- 2.36 acres of flat, fenced land
- 2,634 square feet with 8 bedrooms and 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,428
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,560
$788.6K
Cap Rate 7%
$563,257
$563.3K
Cap Rate 9%
$438,089
$438.1K
Market Conditions
NOI Build-Up for 2,634 SF
Gross rent
$75.9K $28.80/SF
− Vacancy
−$4.2K −$1.58/SF
EGI
$71.7K $27.22/SF
− OpEx
−$32.3K −$12.25/SF
NOI
$39.4K $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%
$788,560
Cap Rate 7%
$563,257
Cap Rate 9%
$438,089
Alternative Uses
Best Use
Apartment 5plus
$563.3K
$492.9K – $657.1K
NOI $39,428 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.4K
$724.0K – $965.3K
NOI $57,916 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplexes sit on a fenced rural parcel with a detached garage, sheds, and a barn.
Where is this multifamily property located?
The property is located at 47428 5th Street Lancaster, CA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two duplexes provide four residential units; 2.36 acres of flat, fenced land; 2,634 square feet with 8 bedrooms and 4 bathrooms
