34-Unit Apartment
For Sale
Contact for pricing
5036 W Ave L8, Lancaster, CA 93536
Established multifamily property with a defined one- and two-bedroom unit mix in Quartz Hill.
Property SizeContact for details
Days on Market143
Property Features for 5036 W Ave L8
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
12 x 1BR/1BA, 22 x 2BR/2BA
Multifamily Units
34
Additional Details
Cap Rate
5.93%
Highway Access
Yes
Building Details
Year Built
1979
Listing Agency:
Marcus & Millichap - Los Angeles
(818) 943-2319
Listed By:
Michael Sterman · License #CA 01911703
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 1:41AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Located at 5036 W Ave L8 in Lancaster, California, this 34-unit apartment property was built in 1979. The unit mix includes 12 one-bedroom, one-bathroom apartments and 22 two-bedroom, two-bathroom apartments, providing a clearly defined configuration for multifamily ownership.
The property is situated in Quartz Hill in northern Los Angeles County, approximately 60 miles northeast of downtown Los Angeles. Regional access is provided by Highway 14 and Interstate 5, connecting the area with Los Angeles, the high desert, and the Central Valley. Nearby destinations include the Antelope Valley California Poppy Reserve and the Lancaster Museum of Art and History. The reported initial CAP rate is 5.93%, with a projected 8.91% CAP rate following unit turnover.
The property is situated in Quartz Hill in northern Los Angeles County, approximately 60 miles northeast of downtown Los Angeles. Regional access is provided by Highway 14 and Interstate 5, connecting the area with Los Angeles, the high desert, and the Central Valley. Nearby destinations include the Antelope Valley California Poppy Reserve and the Lancaster Museum of Art and History. The reported initial CAP rate is 5.93%, with a projected 8.91% CAP rate following unit turnover.
Key Highlights
- 34‑unit apartment building constructed in 1979
- Unit mix includes 12 one‑bedroom/one‑bathroom units and 22 two‑bedroom/two‑bathroom units
- Located in Quartz Hill, approximately 60 miles northeast of downtown Los Angeles
Property Analytics
Current Use
Lease Details
34
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 93536, CA
74,283
Population
24,407
Households
3
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
254.4 sq mi
ZIP Area
292
Density / Sq Mi
$102,927
Median Household Income
$58,484
Median Earnings
$1,946
Median Rent
$484,900
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?
Apartment building - Established multifamily property with a defined one- and two-bedroom unit mix in Quartz Hill.
Where is this apartment building located?
The property is located at 5036 W Ave L8 Lancaster, CA.
What are key features of this property?
This property features: 34‑unit apartment building constructed in 1979; Unit mix includes 12 one‑bedroom/one‑bathroom units and 22 two‑bedroom/two‑bathroom units; Located in Quartz Hill, approximately 60 miles northeast of downtown Los Angeles
