Duplex Property with
For Sale
$501,000
49019 120th Street E, Lancaster, CA 93535
Two residences share a rural parcel with animal enclosures, utility service, and additional structures.
Property Size1,984 SF
Lot Size10.09 Acres
Price / SF$252.52
Days on Market285
Property Features for 49019 120th Street E
General Information
Standard status
Active
Size
1,984 SF
Lot size
10.09 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
large trees and shrubs
animal pens
out buildings, sheds and barns
desert and mountain views
Building Details
Building Size
1,984 SF
Year Built
1956
Buildings
2
Listing Agency:
Re/Max All-Pro
(661) 547-2555
Listed By:
John Murphy · License #02078670
(207) 329-2047
Source:
Give2giverealty
Added: Jan 16
Changed: Oct 26
Last Checked: Oct 26 at 3:23PM
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 Re/Max All-Pro
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Investment Insights
Based on property information with market context.
The property includes a main residence and an accessory dwelling unit, each configured with three bedrooms and one bathroom. Together, the homes contain 1,984 square feet on 10.09 acres. The property dates to 1956 and includes barns, sheds, other outbuildings, and animal pens. Water and electricity are available around the grounds.
Desert and mountain views add to the rural setting.
Desert and mountain views add to the rural setting.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 10.09‑acre parcel with barns, sheds, and other outbuildings
- Animal pens and water and electric service around the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,171
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,420
$663.4K
Cap Rate 7%
$473,871
$473.9K
Cap Rate 9%
$368,567
$368.6K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$50.0K $25.20/SF
− Vacancy
−$2.6K −$1.32/SF
EGI
$47.4K $23.88/SF
− OpEx
−$14.2K −$7.17/SF
NOI
$33.2K $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%
$663,420
Cap Rate 7%
$473,871
Cap Rate 9%
$368,567
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.6K – $552.9K
NOI $33,171 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$424.3K
$371.2K – $495.0K
NOI $29,698 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$623.2K
$545.3K – $727.1K
NOI $43,624 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
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Business Placement
Demographics for 93535, CA
82,149
Population
23,917
Households
3.4
Avg Household Size
31
Median Age
14%
College-Educated
78%
High-School Grad
239.0 sq mi
ZIP Area
344
Density / Sq Mi
$65,989
Median Household Income
$41,834
Median Earnings
$1,650
Median Rent
$336,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share a rural parcel with animal enclosures, utility service, and additional structures.
Where is this duplex located?
The property is located at 49019 120th Street E Lancaster, CA.
What is the asking price?
The asking price for this property is $501,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 10.09‑acre parcel with barns, sheds, and other outbuildings; Animal pens and water and electric service around the property
