Log In/Sign Up
Your email has been sent.
342 E Lancaster Blvd
Lancaster, CA 93535
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Desirable Unit Mix
- Value-Add Opportunity Near Downtown Lancaster Blvd
- Private 1-Car Garages + On-Site Laundry
Executive Summary
342 E Lancaster Blvd presents the opportunity to acquire a 6-unit multifamily property in a strong Lancaster rental corridor with consistent tenant demand. The property consists entirely of 1-bedroom, 1-bathroom units, providing an efficient and easy-to-manage unit mix attractive to long-term tenants. Each unit is assigned its own private 1-car garage, a valuable amenity that enhances tenant appeal and supports long-term occupancy. The property also features shared on-site laundry for additional tenant convenience and supplemental income potential.
The building totals approximately 3,212 SF on a 6,755 SF lot and offers functional layouts with additional upside through future interior and exterior improvements. Investors have the ability to improve operational performance while capitalizing on the continued growth within the Antelope Valley market.
Located just off Lancaster Boulevard, the property benefits from close proximity to shopping, dining, public transportation, and major commuter routes. The surrounding downtown corridor continues to experience redevelopment and economic activity, supporting long-term investment potential and rental stability.
This is an ideal opportunity for investors seeking dependable cash flow with value-add upside in a growing Southern California rental market.
The building totals approximately 3,212 SF on a 6,755 SF lot and offers functional layouts with additional upside through future interior and exterior improvements. Investors have the ability to improve operational performance while capitalizing on the continued growth within the Antelope Valley market.
Located just off Lancaster Boulevard, the property benefits from close proximity to shopping, dining, public transportation, and major commuter routes. The surrounding downtown corridor continues to experience redevelopment and economic activity, supporting long-term investment potential and rental stability.
This is an ideal opportunity for investors seeking dependable cash flow with value-add upside in a growing Southern California rental market.
Property Facts
| Price Per Unit | $137,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,757 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LRR3* - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,757 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 0.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LRR3* - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 535 |
Property Taxes
| Parcel Number | 3142-016-004 | Improvements Assessment | $214,261 |
| Land Assessment | $38,167 | Total Assessment | $252,428 |
Property Taxes
Parcel Number
3142-016-004
Land Assessment
$38,167
Improvements Assessment
$214,261
Total Assessment
$252,428
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
