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45110 Elm Ave, Lancaster, CA, 93534

2beds
4baths
1,497sqft
$639,000
$427price/sqft
$4,631/moest. monthly cost
$185,240/yrincome needed

About This Home

Total square footage includes a non-permitted studio attached to main house. This thoughtfully designed and well-maintained four-unit property offers exceptional versatility and strong income potential. The front unit is a spacious, upgraded vacant 2 bedroom, 1 bath residence that lives like a single-family home perfect for owner-occupancy or commanding top market rent. Attached to the front is a private studio with its own separate entrance, providing added rental flexibility. The property also features 2 more studios well-proportioned with own private bath, appealing to a broad tenant base. Each unit is separately metered for gas and electric, ensuring efficient operations and ease of management. Tenants benefit from two covered alley-access parking spaces, while a detached two-car garage with individual single doors offers additional parking, storage, or potential value-add opportunities. Turnkey and pride of ownership throughout, this property is ideally suited for investors seeking strong and reliable cash flow, long-term appreciation, and a high-quality multifamily asset in a solid rental market. Buyers and their agents are advised to conduct their own due diligence, including but not limited to all inspections, investigations, and verification of property condition, square footage, permits, zoning, schools, and any other information material to the buyer's decision. Information provided by agents and broker are deemed reliable but not guaranteed.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
66
BikeBikeable

Schools

2/10
3/10
3/10

Construction

Condition

  • Year built: 1949

Materials

  • Roof: Composition
  • Construction materials: Frame,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 4

Interior Area

  • Total structure area: 1,497
  • Total interior livable area: 1,497 sqft

Property

Details

  • Parcel number: 3134001011
  • Zoning: LRR2*

Lot

  • Lot size: 8,712 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
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $3,231$38,772
Home Insurance *$212$2,544
Property Taxes $790$9,480
Electricity $398$4,786
Total$4,631$55,572
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$158,777/yr
40% on housing$138,930/yr
45% on housing$123,493/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

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.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$427This listing

vs Other Active Listings

Avg $/sqft

ZIP 93534$218
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 93534$299
Los Angeles County$610

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

DateEventPrice
2026-01-27Listed for sale$625,000
2025-07-22Sold$560,000
2025-06-08Contingent$539,000
2025-05-23Listed for sale$539,000
2024-10-10Listing removed$2,600
2023-06-30Listing removed--
2023-05-17Price change$2,600
2023-04-19Sold$519,000
2023-04-18Pending sale$519,000
2023-04-07Listed for sale$519,000
2023-04-04Contingent$519,000
2023-03-27Listed for rent$2,800
2022-11-30Price change$519,000
2022-11-28Price change$525,000
2022-10-14Listed for sale$527,000
2000-12-28Sold$110,000

For Sale by Agent

AgentGeorge Kpachavi
BrokerageLPT Realty

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