NOT LISTED FOR SALE

45038 Spearman Ave Lancaster, CA 93534

Central Lancaster Neighborhood
12 Beds
6 Baths
4,599 Sq Ft
0.39 Acres

Last Sold August 31, 2018

Last sale price $592,000 $129 Per Sq Ft

15 Days on Market

Highlights

  • 16,788 Sq Ft lot
  • 6 Car Garage
  • 1-Story Property

About This Home

As of August 2018

We are pleased to announce the sale of 45038 Spearman Avenue, a six-unit multifamily property located in the growing City of Lancaster. The building is situated just north of Lancaster Boulevard, known locally as "The Blvd", Antelope Valley's premier destination for dining, entertainment, arts, and nightlife. This offering presents a rare opportunity to purchase a non-rent controlled property with rents that are still far below market levels. Situated on a large 16,788 square foot lot, the three separate duplexes contain all two bedroom/one bathroom units. Each apartment features individual laundry hookups, helping an owner to increase income without impacting utility expenses. Tenants enjoy six individual parking garages, plus room for an additional five vehicles in open spaces.Not far from the busy 14 Freeway, the property sits in a denser pocket of the Antelope Valley, with large schools and major national retailers all within a short distance.

Last Agent to Sell the Property

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 08/14/2018

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 08/14/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.39 Acre Lot

Parking

  • 6 Car Garage

Interior Spaces

  • 4,599 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 3138-008-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4599
  • Stories: 1
  • Year Built: 1955
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 135.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Value: 211248
  • Assessed Land Value: 36967
  • Assessor Parcel Number: 3138-008-021
  • Geocode Override: No
  • Lot Size Area: 16788

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.74
  • Number Of Units: 6
  • Total Annual Expense: 23648
  • Type Of Units: Residential
  • Vacancy Rate: $0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $592,000 -5.3% $129 / Sq Ft
08/14/2018 08/14/18 For Sale $625,000 -- $136 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Raymundo

    Seller's Agent in 2018

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    68 Total Sales

    Rick Raymundo
    Section Image
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Map

Source: The MLS

MLS Number: 18-375504

The MLS
California Los Angeles County Lancaster 93534 Central Lancaster

45038 Spearman Ave, Lancaster, CA

This home is located at 45038 Spearman Ave, Lancaster, CA 93534 since 14 August 2018. This property was built in 1955. 45038 Spearman Ave is a home located in Los Angeles County with nearby schools including El Dorado Elementary School, Piute Middle School, and Antelope Valley High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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