44702 Fig Ave Lancaster, CA 93534
Central Lancaster NeighborhoodEstimated payment $6,293/month
Highlights
- No HOA
- Carpet
- 5-minute walk to Jane Reynolds Park
- Central Heating and Cooling System
About This Home
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.
Listing Agent
Imperial Realty Co. Brokerage Phone: 818-317-5324 License #02011845 Listed on: 02/03/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 8,864 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- Off-Street Parking
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,185 Sq Ft Home
- 2-Story Property
Kitchen
- Gas Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 1 / 22
- Tax Tract Number 9008
- Assessor Parcel Number 3133023007
- $2,025 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $3,000
- Insurance Expense $4,440
- Maintenance Expense $2,400
- Pest Control $1,200
- Trash Expense $1,344
- Water Sewer Expense $1,800
- Operating Expense $14,144
- Gross Income $74,964
- Net Operating Income $60,820
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 | $10,594 | $749,088 | $187,272 | $561,816 |
| 2024 | $10,594 | $734,400 | $183,600 | $550,800 |
| 2023 | $10,377 | $720,000 | $180,000 | $540,000 |
| 2022 | $4,975 | $270,525 | $88,399 | $182,126 |
| 2021 | $4,884 | $265,221 | $86,666 | $178,555 |
| 2020 | $4,834 | $262,503 | $85,778 | $176,725 |
| 2019 | $4,756 | $257,357 | $84,097 | $173,260 |
| 2018 | $4,685 | $252,312 | $82,449 | $169,863 |
| 2016 | $4,444 | $242,517 | $79,249 | $163,268 |
| 2015 | $4,393 | $238,875 | $78,059 | $160,816 |
| 2014 | $4,379 | $234,196 | $76,530 | $157,666 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/03/2026 02/03/26 | For Sale | $1,050,000 | +45.8% | $330 / Sq Ft | |
| 11/03/2022 11/03/22 | Sold | $720,000 | 0.0% | $226 / Sq Ft | View Prior Sale |
| 11/03/2022 11/03/22 | Sold | $720,000 | -4.0% | $226 / Sq Ft | View Prior Sale |
| 09/23/2022 09/23/22 | Pending | -- | -- | -- | |
| 08/23/2022 08/23/22 | Pending | -- | -- | -- | |
| 07/29/2022 07/29/22 | Price Changed | $749,999 | 0.0% | $235 / Sq Ft | |
| 07/29/2022 07/29/22 | For Sale | $749,999 | 0.0% | $235 / Sq Ft | |
| 07/29/2022 07/29/22 | For Sale | $749,999 | -6.1% | $235 / Sq Ft | |
| 06/17/2022 06/17/22 | Pending | -- | -- | -- | |
| 02/22/2022 02/22/22 | Price Changed | $799,000 | -6.0% | $251 / Sq Ft | |
| 01/24/2022 01/24/22 | For Sale | $849,900 | -- | $267 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $720,000 | Monarch Title | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $540,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD26021603
APN: 3133-023-007
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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