$ 510,000 $ 500,000 2.0%

1231 W Avenue H15

Lancaster, CA 93534

  • 1954 Year Built
Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.
Listed by First Team Real Estate , Sold By Guru Financial

PROPERTY DETAIL

  • Key Details

    Sold Price $510,0002.0%

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID OC25101014

    Sold Date 07/09/25

    Construction Status Repairs Cosmetic

    HOA Y/N No

    Year Built 1954

    Property Sub-Type Duplex

  • Location

    State CA

    County Los Angeles

    Area Lac - Lancaster

    Zoning LRR2*

  • Building

    Lot Description 2-5 Units/Acre

    Faces South

    Story 1

    Entry Level One

    Foundation Slab

    Sewer Public Sewer

    Water Public

    Architectural Style Mid-Century Modern

    Level or Stories One

    New Construction No

    Construction Status Repairs Cosmetic

  • Interior

    Heating Heat Pump

    Cooling Heat Pump

    Flooring Carpet, Vinyl

    Fireplaces Type None

    Fireplace No

    Laundry Washer Hookup, Electric Dryer Hookup, Inside

  • Exterior

    Parking Features Driveway, Garage Faces Side

    Garage Spaces 2.0

    Garage Description 2.0

    Fence Average Condition, Chain Link, Wood

    Pool None

    Community Features Street Lights, Sidewalks

    Utilities Available Electricity Available, Sewer Connected, Water Available

    View Y/N No

    View None

    Roof Type Tar/Gravel

    Total Parking Spaces 2

    Private Pool No

  • Others

    Senior Community No

    Tax ID 3120031016

    Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

    Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan

    Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan

    Financing FHA

    Special Listing Condition Standard

    Lease Land No

SIMILAR HOMES FOR SALE

Check for similar Multi-Familys at price around $510,000 in Lancaster,CA

CONTACT

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message
};