102 E Lancaster BLVD new Save Request In-Person Tour Request Virtual Tour
Lancaster,CA 93535
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,588 sqft
Price per Sqft $160
MLS Listing ID 25553283
Bedrooms 10
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1983
Lot Size 0.350 Acres
Property Description
**PLEASE DO NOT DISTURB TENANTS. CALL LISTING AGENT FOR MORE INFORMATION. We are pleased to present a 5-unit apartment building located at 102 E Lancaster Boulevard in Lancaster, California. The subject property is in a solid Lancaster location, east of Division Street and south of Lancaster Boulevard. Built in 1983, this property contains a great unit mix of five (5) two-bedroom / two-bathroom units averaging 1,118 SF each. One (1) tenant is on Section 8. Each unit features second story balcony space and fenced back patio space. These character, Spanish-style units sit on a large 15,278 SF corner lot. There is an abundance of on-site parking available with fully parked garage parking and plenty of uncovered space. There is strong potential to utilize SB 1211 and build up to five (5) ADUs out of the three (3) existing garage structures while leaving fully parked on-site parking available. The Lancaster area is developing with new commercial amenities such as Sprouts Farmers Market, Dutch Bros, Chick-Fil-A, and a new food assembly and distribution center for Trader Joe's all coming to the area. Various industries are coming to the city to take advantage of its numerous economic opportunities with several Fortune 500 companies planting operations in the area such as Morton Manufacturing, BYD, Lance Camper and more. The growth of these companies has led to an increase in job opportunities and economic growth, making the city a prime destination for investment. Situated in a solid Lancaster location, this property presents an excellent opportunity for any investor to capitalize on strong rental upside potential and build up to five (5) ADUs in a rapidly developing market that isn't subject to local rent control (subject to AB 1482).
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRR3*
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Exterior
Parking Features Garage,Gated,Uncovered
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Gated
Porch Rear Porch,Covered,Enclosed
Attached Garage No
Total Parking Spaces 11
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 3142007050
Security Features Gated Community
Special Listing Condition Standard