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44751 N Fern Ave 7 Unit Apartment Building $1,375,000 ($196,429/Unit) 6.02% Cap Rate Lancaster, CA 93534
Investment Highlights
- Newer 1983 Construction. Trophy Lancaster Investment
- All Units Have Central A/C and Heating
- Only Subject to AB 1482 Rent Ordinance – No Local Rent Control
- Desirable Unit Mix Consisting of Spacious 1 and 2 Bedroom Units
- Property Has 5 Single Car Garages, 6 Covered Carport Spaces and 1 Uncovered Space
- SB721 Balcony Inspection Completed
Executive Summary
Presenting this well-maintained 7 unit multifamily investment property in one of Lancaster’s most desirable rental corridors. Built in 1983, this quality-constructed asset offers investors a stable, turnkey opportunity with strong long-term rental appeal.
The property features an attractive unit mix comprised of four spacious 2 bedroom/1 bath units and three 1 bedroom/1 bath units, providing tenants with highly sought-after layouts that continue to drive strong occupancy and rental demand. All units have central A/C and heating. The property also offers 5 garages, 6 carport spaces and 1 uncovered parking space.
Ideally situated just one block from Lancaster’s vibrant THE BLVD Cultural District, residents enjoy immediate access to an energetic mix of dining, entertainment, nightlife, shopping, and year-round community events along Lancaster Boulevard. This prime infill location enhances tenant desirability while positioning the asset within one of the city’s most established and walkable neighborhoods.
The property features an attractive unit mix comprised of four spacious 2 bedroom/1 bath units and three 1 bedroom/1 bath units, providing tenants with highly sought-after layouts that continue to drive strong occupancy and rental demand. All units have central A/C and heating. The property also offers 5 garages, 6 carport spaces and 1 uncovered parking space.
Ideally situated just one block from Lancaster’s vibrant THE BLVD Cultural District, residents enjoy immediate access to an energetic mix of dining, entertainment, nightlife, shopping, and year-round community events along Lancaster Boulevard. This prime infill location enhances tenant desirability while positioning the asset within one of the city’s most established and walkable neighborhoods.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,375,000 | Building Class | C |
| Price Per Unit | $196,429 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,050 SF |
| Cap Rate | 6.02% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.67 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.37/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R2, Lancaster | ||
| Price | $1,375,000 |
| Price Per Unit | $196,429 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 9.67 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,050 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.37/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2, Lancaster |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,556 | - |
| 2+1 | 4 | $1,874 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3133-011-033 | Total Assessment | $881,812 (2025) |
| Land Assessment | $131,985 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $749,827 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
3133-011-033
Land Assessment
$131,985 (2025)
Improvements Assessment
$749,827 (2025)
Total Assessment
$881,812 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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44751 N Fern Ave
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