Exceptional value-add opportunity at 44702 Fig Ave. This 3,200 sq ft triplex offers in-place income and upside potential, featuring two 2-bedroom, 1-bath units renting for $1,997 and $1,800 per month, and one 3-bedroom, 2-bath unit renting for $2,450 per month. The property includes approved plans and permits to construct five additional 1-bedroom/1-bath units (approximately 2,300 additional sq ft), bringing the total projected building size to approximately 5,500 sq ft. Construction on the expansion has already begun, including framing, underground work, and top-outs. The estimated completion time is approximately 4–5 months, offering a streamlined path for the next owner to finalize the project. Projected rents for the new 1-bedroom units are estimated at $1,600–$1,800 per month, with potential upside through housing voucher programs. Upon completion, the property is projected to generate approximately $14,000–$15,000+ per month in gross rental income. The plans and permits took approximately three years to secure due to the complexity of adding this number of additional units. This is a rare opportunity for investors and builders seeking a project with approved permits in place, avoiding years of entitlement work.
Property Details
Price:
$1,050,000
MLS #:
GD26021603
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
laclancaster
Listed Date:
Feb 4, 2026
Total Sq Ft:
3,185
Lot Size:
8,864 sqft / 0.20 acres (approx)
Year Built:
1968
See this Listing
Schools
Interior
Appliances
DW, GR
Cooling
CA
Flooring
VINY, CARP
Heating
CF
Laundry Features
NO
Exterior
Community Features
SDW
Financial
Maintenance Fee
$2,400
Map
Community
- Address44702 Fig AV Lancaster CA
- CityLancaster
- CountyLos Angeles
- Zip Code93534
Market Summary
Current real estate data for Single Family in Lancaster as of Feb 11, 2026
524
Single Family Listed
61
Avg DOM
247
Avg $ / SqFt
$434,600
Avg List Price
Property Summary
- 44702 Fig AV Lancaster CA is a Single Family for sale in Lancaster, CA, 93534. It is listed for $1,050,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1968. The average price per square foot for Single Family listings in Lancaster is $247. The average listing price for Single Family in Lancaster is $434,600.
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