$1,106,000
$14K PRICE DROP

Estimated payment $6,971/month

Total Views 678
9 Beds
5 Baths
4,468 Sq Ft
$248 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Traditional Architecture
  • Lawn
  • Open Floorplan
  • Main Floor Primary Bedroom
  • No HOA

About This Home

Exceptional investment opportunity in the heart of Downtown Lancaster! This well-maintained quadruplex offers 9 bedrooms, 4.5 bathrooms, and approximately 4,468 square feet of living space across four separate units. The property is currently operating at an approximately 6% cap rate, with the potential for increased returns. The building features four spacious units, each with its own thoughtfully designed floor plan, private two-car garage, separate gas and electric meters, and individual laundry hookups, providing convenience for tenants and efficient property management. Ideally located near schools, shopping centers, restaurants, supermarkets, gas stations, and with easy access to nearby freeways, this income-producing property offers strong rental appeal in a desirable Downtown Lancaster location. Whether you're looking to expand your investment portfolio or acquire a multi-unit asset with excellent long-term potential, this fourplex is an opportunity not to be missed. Property is tenant occupied. Please do not disturb tenants.

Listing Agent

Sergei Hovsepyan

Real Brokerage Technologies, Inc. Brokerage Phone: 818-929-1158 License #01992656 Listed on: 07/16/2026

Real Brokerage Technologies, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 11,556 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage

Property Views

  • Woods
  • Neighborhood

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,468 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Bay Window
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Storage

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 44187
  • Assessor Parcel Number 3140030026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $2,500
  • Water Sewer Expense $2,500
  • Operating Expense $18,137
  • Gross Income $6,753
  • Net Operating Income $62,899

Property Details

Home Type

Multi-Family

Year Built

Built in 1987 | Remodeled

Lot Details

0.27 Acres

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2500.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 3140030026
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Open Floorplan, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 247.54
  • Room Type: Primary Bedroom, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom
  • Window Features: Bay Window(s), Blinds, Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • View: Trees/Woods, Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Wood Siding, Frame, Concrete, Stucco, Glass, Drywall Walls

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage Faces Side
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher
  • Electric: Standard, Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Inside, Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, 0-1 Unit/Acre, Level, Front Yard, Sprinkler System, Lawn
  • Lot Size Sq Ft: 11556.00
  • Lot Size Acres: 0.2653

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 6753.00
  • Gross Scheduled Income: 6753.00
  • Lot Size Area: 11556.0000 Square Feet
  • Net Operating Income: 62899.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18137.00
  • Rent Control: Yes
  • Total Expenses: 18137.00

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 44187

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,706 $651,082 $106,539 $544,543
2024 $10,192 $638,316 $104,450 $533,866
2023 $9,995 $625,801 $102,402 $523,399
2022 $9,813 $613,532 $100,395 $513,137
2021 $9,644 $601,503 $98,427 $503,076
2019 $9,369 $583,663 $95,508 $488,155
2018 $9,205 $572,220 $93,636 $478,584
2016 $8,717 $550,000 $90,000 $460,000
2015 $6,470 $360,000 $90,000 $270,000
2014 $6,101 $330,000 $82,600 $247,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2026 07/24/26 Price Changed $1,106,000 -1.3% $248 / Sq Ft
07/16/2026 07/16/26 For Sale $1,120,000 +17.3% $251 / Sq Ft
08/27/2025 08/27/25 Sold $955,000 +0.5% $214 / Sq Ft View Prior Sale
06/27/2025 06/27/25 Pending -- -- --
06/27/2025 06/27/25 For Sale $950,000 0.0% $213 / Sq Ft
06/18/2025 06/18/25 For Sale $950,000 +77.6% $213 / Sq Ft
10/26/2015 10/26/15 Sold $535,000 -2.7% $120 / Sq Ft View Prior Sale
07/13/2015 07/13/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $550,000 -- $123 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $955,000 Diamond Global Escrow, Inc
Grant Deed $535,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $680,000 Chicago Title Co
Corporate Deed $170,000 Investors Title Company
Trustee Deed $126,400 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $668,000 New Conventional
Previous Owner $270,000 Adjustable Rate Mortgage/ARM
Previous Owner $175,825 New Conventional
Previous Owner $250,000 Purchase Money Mortgage
Previous Owner $139,000 Unknown
Previous Owner $48,000 Stand Alone Second
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR26151223

California Regional Multiple Listing Service (CRMLS)

APN: 3140-030-026

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