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 Market275
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: Oct 14
Last Checked: Oct 21 at 2:35AM
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
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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 / Yr
$36,916
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
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
