44702 Fig Ave Lancaster, CA 93534
Central Lancaster NeighborhoodEstimated payment $5,994/month
Highlights
- No HOA
- Central Heating and Cooling System
- 5-minute walk to Jane Reynolds Park
About This Home
Exceptional Value-Add Investment Opportunity – RTI Expansion to 8 Units. Unlock the incredible potential of 44702 Fig Avenue, Lancaster, a rare investment opportunity with significant upside. Currently operating as a triplex, this property comes Ready-to-Issue (RTI) with approved plans and permits to construct five additional one-bedroom units, bringing the total unit count to eight. Construction is underway with underground utilities completed, framing in progress, and portions of the project already topped out, allowing the next owner to accelerate completion. The estimated timeline to finish the expansion is approximately 4–6 months. The newly constructed one-bedroom units are projected to command $1,600–$1,800 per month in rental income. Upon completion of the full eight-unit development, the property is expected to generate approximately $14,000–$15,000 in monthly gross rental income, creating an outstanding opportunity for long-term cash flow and appreciation. Whether you're an experienced investor, builder, or developer looking to add a high-performing asset to your portfolio, opportunities like this are few and far between. Complete the project, maximize its income potential, and capitalize on the substantial value already built into this exceptional investment.
Listing Agent
Broker Intrust Real Estate-Hosep Stepanian Brokerage Phone: 818-426-1117 License #01780506 Listed on: 08/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 8,866 Sq Ft Lot
- 1 Common Wall
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,185 Sq Ft Home
- 2-Story Property
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
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,440
- Trash Expense $1,320
- Water Sewer Expense $1,680
- Operating Expense $14,144
- Gross Income $74
- Net Operating Income $60,820
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,031 | $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
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 |
|---|---|---|---|---|---|
| 08/04/2026 08/04/26 | For Sale | $924,999 | +28.5% | $290 / 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
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 | $720,000 | Monarch Title | |
| Interfamily Deed Transfer | -- | None Available |
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 | $135,000 | Construction | |
| Previous Owner | $540,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26169385
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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