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Sold for $510,000 on 07/09/25
  • Listing Provided by: 

    Alex Duarte DRE #01970077 714-376-9253,

    First Team Real Estate

    $510,000

    1231 W Avenue H15, Lancaster, CA 93534

    4beds
    2baths
    1,625sqft
    Duplex
    Built in 1954
    -- sqft lot
    $505,800 Zestimate®
    $314/sqft
    $2,460 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: July 09, 2025 at 06:23pm

    Listing Provided by:

    Alex Duarte DRE #01970077 714-376-9253,

    First Team Real Estate

    Bought with:

    Anil Srivastava, DRE #01215524

    Guru Financial

    Source: CRMLS,MLS#: OC25101014MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Inside
    Features
    • Flooring: Carpet, Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,625
    • Total interior livable area: 1,625 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage Faces Side
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Average Condition,Chain Link,Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,542 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 3120031016
    • Zoning: LRR2*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Mid-Century Modern
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Drywall, Concrete, Stucco, Wood Siding
    • Foundation: Slab
    • Roof: Tar/Gravel
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Connected, Water Available

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Lancaster

    HOA & financial

    Other financial information
    • Total actual rent: 51708

    Other

    Other facts
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA,Fannie Mae,Freddie Mac,Government Loan,Submit,VA Loan
    • Road surface type: Paved
    Services availability