1011 W Avenue H12, Lancaster, CA, 93534
About This Home
4-Unit Multifamily | On Time Income | Tenants | Turnkey Value-Add Exceptional 4-unit investment opportunity in the heart of Lancaster. This well-maintained multifamily property consists of four 2-bedroom, 1-bath units and offers strong, stable income with a proven rental history. Three of the four units have been occupied by long-term tenants for over 10 years, reflecting tenant satisfaction and consistent occupancy. Located in a growing area of the Antelope Valley with convenient access to shopping, schools, employment centers, and major commuter routes. The property currently generates substantial rental income and presents an attractive opportunity for investors seeking immediate cash flow and long-term appreciation potential. Approximately $7,478/month in gross rental income. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a performing multifamily asset, this property offers a rare combination of stability, income, and future upside in one of Lancaster's established rental markets. Buyer to independently verify all rental income, expenses, leases, and property information.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1981
Materials
- Roof: Shingle
- Construction materials: See Remarks,Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 7
Heating
- Heating features: Has Heating (Unspecified Type)
Interior Area
- Total structure area: 3,940
- Total interior livable area: 3,940 sqft
Property
Details
- Parcel number: 3120012011
- Zoning: LRR3*
Lot
- Lot size: 7,840 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,511 | $66,132 |
| Home Insurance * | $363 | $4,356 |
| Property Taxes | $1,773 | $21,276 |
| Electricity | $844 | $10,138 |
| Total | $8,491 | $101,892 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-05 | Listed for sale | $1,090,000 |
| 2024-11-23 | Listing removed | $2,100 |
| 2024-11-15 | Listed for rent | $2,100 |
| 2020-02-12 | Listing removed | $750,000 |
| 2020-02-04 | Listed for sale | $750,000 |
| 2016-05-14 | Listing removed | $615,000 |
| 2016-04-23 | Price change | $615,000 |
| 2016-02-22 | Listed for sale | $600,000 |
| 2014-10-29 | Sold | $303,000 |
| 2014-09-13 | Pending sale | $325,000 |
| 2014-08-04 | Price change | $325,000 |
| 2014-07-04 | Listed for sale | $330,000 |
| 2014-05-09 | Pending sale | $330,000 |
| 2014-04-16 | Price change | $330,000 |
| 2014-02-25 | Listed for sale | $349,000 |
| 2013-11-26 | Listing removed | $359,000 |
| 2013-09-27 | Listed for sale | $359,000 |
| 2008-10-16 | Listing removed | $549,000 |
| 2008-08-23 | Listed for sale | $549,000 |
| 2005-10-31 | Sold | $525,000 |
| 2004-03-31 | Sold | $320,000 |
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