5
See all 5 photos
$500,000
Est. payment /mo
4 Beds
2 Baths
Pending
1231 W Avenue H15 Lancaster, CA 93534
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC25101014
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction North of W. Avenue I and East of 13th st west
Interior
Cooling Heat Pump(s)
Fireplace No
Exterior
View Y/N No
Roof Type Rock/Gravel
Building
Story 1
Level or Stories 1
Others
Tax ID 3120031016
Listed by Alex Duarte First Team Real Estate