Remodeled Triplex With New
For Sale
$630,000
552 W Avenue E8, Lancaster, CA 93534
Three-unit property with modern finishes, individual laundry hookups, and one vacant unit.
Property Size2,208 SF
Price / SF$285.33
Days on Market230
Property Features for 552 W Avenue E8
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Cap Rate
8.4%
Amenities
washer and dryer hookups
Listing Agency:
Sync Brokerage
(818) 770-3660
Listed By:
Rana Khanjani · License #02021891
(818) 723-9071
Source:
Exprealty
Added: Jan 20
Changed: Sep 5
Last Checked: Sep 6 at 3:10PM
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 Sync Brokerage
Investment Insights
Based on property information with market context.
This triplex provides approximately 2,208 square feet across three residential units and has undergone a substantial remodel with contemporary finishes throughout. A new roof adds to the recent improvements, while each unit is equipped with washer and dryer hookups. One unit is vacant, creating flexibility for an owner-occupant while the other two units generate rental income.
The property is located in Lancaster, California, near shopping, schools, dining, and major commuter routes. It is Section 8 approved and eligible for Conventional financing. The property also carries an 8.4% cap rate, providing a defined income metric for evaluating the asset.
The property is located in Lancaster, California, near shopping, schools, dining, and major commuter routes. It is Section 8 approved and eligible for Conventional financing. The property also carries an 8.4% cap rate, providing a defined income metric for evaluating the asset.
Key Highlights
- Approximately 2,208 square feet across three units
- Remodeled interiors with modern finishes throughout
- New roof completed as part of the property improvements
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
$36,916
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
5.86%
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%
$738,320
$738.3K
Cap Rate 7%
$527,371
$527.4K
Cap Rate 9%
$410,178
$410.2K
Market Conditions
NOI Build-Up for 2,208 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
$55.6K $25.20/SF
− Vacancy
−$2.9K −$1.32/SF
EGI
$52.7K $23.88/SF
− OpEx
−$15.8K −$7.17/SF
NOI
$36.9K $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%
$738,320
Cap Rate 7%
$527,371
Cap Rate 9%
$410,178
Alternative Uses
Best Use
Multifamily LT 5
$527.4K
$461.5K – $615.3K
NOI $36,916 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$472.2K
$413.1K – $550.9K
NOI $33,051 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$693.6K
$606.9K – $809.2K
NOI $48,549 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with modern finishes, individual laundry hookups, and one vacant unit.
Where is this triplex located?
The property is located at 552 W Avenue E8 Lancaster, CA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Approximately 2,208 square feet across three units; Remodeled interiors with modern finishes throughout; New roof completed as part of the property improvements
