1231 W Avenue H15
Lancaster, CA, 93534
$500,000
Beds
0 Baths
SqFt
0.17 Acres
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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.

Property Details

Price:
$500,000
MLS #:
OC25101014
Status:
Active
Baths:
0
Address:
1231 W Avenue H15
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
laclancaster
City:
Lancaster
Listed Date:
May 6, 2025
State:
CA
ZIP:
93534
Lot Size:
7,542 sqft / 0.17 acres (approx)
Year Built:
1954
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Schools

Interior

Appliances
None
Cooling
Heat Pump
Fireplace Features
None
Flooring
Carpet, Vinyl
Heating
Heat Pump

Exterior

Community Features
Sidewalks, Street Lights
Electric
Standard
Fencing
Average Condition, Chain Link, Wood
Foundation Details
Slab
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway, Garage Faces Side
Parking Spots
2.00
Pool Features
None
Roof
Tar/ Gravel
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Sewer Connected, Water Available

Map

Community

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