1231 W Avenue H15, Lancaster, CA 93534

0 beds 0 baths 7,542 sq.ft.

Offerered at: $500,000.00

County: Los Angeles
Year Built: 1954
Association Fees: $0.00/mo.

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.

ESSENTIAL INFO

  • Status: Active
  • Architecture: Mid Century Modern