1231 W Avenue H15 new Save Request In-Person Tour Request Virtual Tour
Lancaster,CA 93534
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25101014
Year Built 1954
Lot Size 7,540 Sqft
Property Sub-Type Duplex
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
Area Lac - Lancaster
Zoning LRR2*
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Carpet,Vinyl
Fireplaces Type None
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
Building
Lot Description 2-5 Units/Acre
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
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
Special Listing Condition Standard