1231 W Avenue H15

Lancaster, CA 93534

  • 4 Bed(s)
  • 2 Bath(s)
  • 1,625 Sqft
  • 7542
    Sqft(Lot)
$500,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    49640905

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Tar/Gravel
    • Fireplace: None
    • Flooring: Carpet,Vinyl

    Cooling Features

    • Heat Pump
    • Air Conditioning

    Heating Source

    • Heat Pump
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1954
    • Building Area Total: 1,625
    • Construction: Drywall,Concrete,Stucco,Wood Siding
    • Roof: Tar/Gravel

    Foundation

    • Slab

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Electric Dryer Hookup,Inside

    Fencing

    • Average Condition,Chain Link,Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1731
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7542

  • Listing Price Information

    • Original List Price: 500,000
    • Listing Contract Date: 2025-05-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 3120031016

  • Garage and Parking

    • Garage Description: Driveway,Garage Faces Side

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: LAC - Lancaster
    • Postal Code Plus 4: 1750
    • Directions: North of W. Avenue I and East of 13th st west
    • Zoning: LRR2*
    • Source Property Type: Residential Income
    • Area: LAC - Lancaster
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 71
    • Common Walls: 1 Common Wall
    • Property Condition: Repairs Cosmetic
    • Structure Type: Duplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/16/2025 @ 04:29

  • MLS: OC25101014
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 1,625 sqft, 7,542 sized lot, and 2 parking. are nearby neighborhoods.