Joe Cloninger

Partner, Sales/Marketing License ID: 01954784

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$ 1,275,000

$ 1,375,000 7.3%

Est. payment | -/mo

11 Beds

7 Baths

5,050 SqFt

$ 1,275,000

$ 1,375,000 7.3%

Est. payment | -/mo

11 Beds

7 Baths

5,050 SqFt

Key Details

Sold Price $1,275,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,050 sqft

Price per Sqft $252

MLS Listing ID 26838667

Sold Date 09/04/26

Bedrooms 11

Year Built 1983

Lot Size 0.282 Acres

Acres 0.2823

Property Sub-Type Multi-Family

Property Description

Presenting this well-maintained 7 unit multifamily investment property in one of Lancaster's most desirable rental corridors. Built in 1983, this quality-constructed asset offers investors a stable, turnkey opportunity with strong long-term rental appeal.The property features an attractive unit mix comprised of four spacious 2 bedroom/1 bath units and three 1 bedroom/1 bath units, providing tenants with highly sought-after layouts that continue to drive strong occupancy and rental demand. All units have central A/C and heating. The property also offers 5 garages, 6 carport spaces and 1 uncovered parking space.Ideally situated just one block from Lancaster's vibrant THE BLVD Cultural District, residents enjoy immediate access to an energetic mix of dining, entertainment, nightlife, shopping, and year-round community events along Lancaster Boulevard. This prime infill location enhances tenant desirability while positioning the asset within one of the city's most established and walkable neighborhoods.

Location

State CA

County Los Angeles

Area Lancaster

Zoning LRR2*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment None

Exterior

Parking Features Carport Detached, Uncovered, Garage

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Remax Commercial and Investment Realty
Bought with Mi Casa Worldwide