342 E Lancaster Blvd Lancaster, CA 93535
East Lancaster NeighborhoodEstimated payment $4,941/month
Highlights
- 6 Car Attached Garage
- Laundry Facilities
- 1-Story Property
About This Home
6-unit multifamily property in a strong Lancaster rental corridor with consistent tenant demand. The property consists entirely of 1-bedroom, 1-bathroom units, providing an efficient and easy-to-manage unit mix attractive to long-term tenants. Each unit is assigned its own private 1-car garage, a valuable amenity that enhances tenant appeal and supports long-term occupancy. The property also features shared on-site laundry for additional tenant convenience and supplemental income potential.The building totals approximately 3,212 SF on a 6,755 SF lot and offers functional layouts with additional upside through future interior and exterior improvements. Investors have the ability to improve operational performance while capitalizing on the continued growth within the Antelope Valley market.Located just off Lancaster Boulevard, the property benefits from close proximity to shopping, dining, public transportation, and major commuter routes. The surrounding downtown corridor continues to experience redevelopment and economic activity, supporting long-term investment potential and rental stability. This is an ideal opportunity for investors seeking dependable cash flow with value-add upside in a growing Southern California rental market.
Listing Agent
Exp Commercial of California, Inc. License #02214185 Listed on: 05/08/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,757 Sq Ft Lot
Parking
- 6 Car Attached Garage
Interior Spaces
- 3,212 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Community Details
- 6 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 3142-016-004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,446 | $252,428 | $38,167 | $214,261 |
| 2024 | $6,446 | $247,479 | $37,419 | $210,060 |
| 2023 | $6,357 | $242,628 | $36,686 | $205,942 |
| 2022 | $6,267 | $237,871 | $35,967 | $201,904 |
| 2021 | $6,167 | $233,208 | $35,262 | $197,946 |
| 2020 | $6,120 | $230,818 | $34,901 | $195,917 |
| 2019 | $6,045 | $226,293 | $34,217 | $192,076 |
| 2018 | $5,957 | $221,857 | $33,547 | $188,310 |
| 2016 | $5,680 | $213,245 | $32,246 | $180,999 |
| 2015 | $5,630 | $210,043 | $31,762 | $178,281 |
| 2014 | $5,674 | $205,929 | $31,140 | $174,789 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2026 05/08/26 | For Sale | $825,000 | +275.0% | $257 / Sq Ft | |
| 09/16/2013 09/16/13 | Sold | $220,000 | -3.9% | $68 / Sq Ft | View Prior Sale |
| 09/24/2012 09/24/12 | Pending | -- | -- | -- | |
| 05/24/2012 05/24/12 | For Sale | $229,000 | -- | $71 / Sq Ft |
Source: The MLS
MLS Number: 26831505
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Ask me questions while you tour the home.