4024 W Avenue L Lancaster, CA 93536
Quartz Hill NeighborhoodEstimated payment $3,892/month
Highlights
- No HOA
- Laundry Room
- 1-Story Property
About This Home
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.
Listing Agent
EXP REALTY OF CALIFORNIA INC. Brokerage Phone: 909-434-3004 License #02007156 Listed on: 07/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,556
Year Built
- Built in 1956
Lot Details
- 0.47 Acre Lot
- No Common Walls
- Rural Setting
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,576 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Listing and Financial Details
- Tax Lot 33
- Tax Tract Number 11921
- Assessor Parcel Number 3103024018
- $1,729 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $16,700
- Gross Income $32,140
- Net Operating Income $32,140
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 | $3,556 | $133,466 | $14,181 | $119,285 |
| 2024 | $3,556 | $130,850 | $13,903 | $116,947 |
| 2023 | $3,194 | $128,285 | $13,631 | $114,654 |
| 2022 | $3,160 | $125,770 | $13,364 | $112,406 |
| 2021 | $3,114 | $123,304 | $13,102 | $110,202 |
| 2020 | $3,091 | $122,261 | $12,968 | $109,293 |
| 2019 | $3,064 | $119,869 | $12,714 | $107,155 |
| 2018 | $3,029 | $117,524 | $12,465 | $105,059 |
| 2016 | $2,906 | $112,751 | $11,982 | $100,769 |
| 2015 | $2,887 | $111,059 | $11,803 | $99,256 |
| 2014 | $2,948 | $108,884 | $11,572 | $97,312 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | For Sale | $675,000 | -- | $262 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG25170390
APN: 3103-024-018
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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