Fantastic opportunity to own a well-maintained 4-unit income-producing property on a generous 0.5-acre lot in the heart of Lancaster. The property features a desirable unit mix, consisting of one spacious 2-bedroom, 1.5-bathroom unit and three 1-bedroom, 1-bathroom units—perfect for steady rental income and long-term tenant stability. Recent upgrades include a brand-new roof (2024) and updated main line plumbing upgrades, significantly reducing future maintenance expenses and adding long-term value. Each unit is separately metered for electricity and gas, offering added efficiency and control for both tenants and owner.
Centrally located near major shopping centers, schools, public transit, and parks, the property provides convenience and appeal to prospective renters. The expansive half-acre lot also presents potential for additional amenities, expanded parking, or possible future development with R-3 zoning (buyer to verify with city). With its strong fundamentals, recent improvements, and excellent location, this turnkey asset is a solid investment opportunity for both seasoned investors and those entering the multifamily space.
Centrally located near major shopping centers, schools, public transit, and parks, the property provides convenience and appeal to prospective renters. The expansive half-acre lot also presents potential for additional amenities, expanded parking, or possible future development with R-3 zoning (buyer to verify with city). With its strong fundamentals, recent improvements, and excellent location, this turnkey asset is a solid investment opportunity for both seasoned investors and those entering the multifamily space.
Property Details
Price:
$675,000
MLS #:
IG25170390
Status:
Active
Baths:
0
Address:
4024 W Avenue L
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
laclancaster
City:
Lancaster
Listed Date:
Jul 29, 2025
State:
CA
ZIP:
93536
Lot Size:
20,511 sqft / 0.47 acres (approx)
Year Built:
1956
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Interior
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Rural
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Community
- Address4024 W Avenue L Lancaster CA
- AreaLAC – Lancaster
- CityLancaster
- CountyLos Angeles
- Zip Code93536
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4024 W Avenue L
Lancaster, CA
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