Lancaster, CA 93534,1231 W Avenue H15
Lancaster, CA 93534,1231 W Avenue H15
Lancaster, CA 93534,1231 W Avenue H15
Listed by Alex Duarte • First Team Real Estate
Bought with Anil Srivastava
$510,000
Est. payment /mo
$500,000
2.0%
Est.Price: ?

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7,542 Sqft Lot
SOLD DATE : 07/09/2025

Key Details

Sold Price $510,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CROC25101014

Sold Date 07/09/25

Year Built 1954

Lot Size 7,542 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.

Location

State CA

County Los Angeles

Area Lac - Lancaster

Rooms

Kitchen None

Interior

Heating Heat Pump

Cooling Heat Pump

Laundry 30, Other, Washer/Dryer - Owned, 9

Exterior

Parking Features Garage, Other

Garage Spaces 2.0

Pool 31, None

View None

Building

Story One Story

Foundation Concrete Slab

Water District - Public

Others

Tax ID 3120031016

Special Listing Condition Not Applicable

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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