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44921 Trevor Ave 10 Unit Apartment Building $1,690,000 ($169,000/Unit) 7.50% Cap Rate Lancaster, CA 93534
Investment Highlights
- 10-Unit Multifamily Asset in Lancaster
- Gross Building Size: 5,350 SF - Lot Size: 11,057 SF
- 10 Open Parking Spaces • On-Site Shared Laundry
- 7.0%+ Cap Rate with Strong Cash Flow
- Separately Metered for Gas & Electricity
- Section 8 Approved Building – Government-Backed Rental Income
Executive Summary
Presenting an exceptional 10-unit multifamily investment property in Lancaster, offering a cap rate of over 7.00% and strong, government-backed Section-8 income for highly stable and reliable cash flow. The property features eight well-maintained 1-bedroom/1-bath units along with two newly constructed, fully permitted ADUs that significantly enhance rental income and overall value. Each unit is separately metered for electricity and gas, supporting efficient operations with low overhead. Additional amenities include shared laundry facilities and 10 open parking spaces. Conveniently located near local amenities, public transportation, and major employment centers, this turnkey asset is positioned in a high-demand rental market with consistent occupancy. An excellent opportunity for investors seeking a secure, income-producing property with strong fundamentals and long-term growth potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,690,000 | Building Class | C |
| Price Per Unit | $169,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 5,350 SF |
| Cap Rate | 7.50% | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3, Lancaster - Multiple dwelling units, like apartments or condos | ||
| Price | $1,690,000 |
| Price Per Unit | $169,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,350 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2024 |
| Parking Ratio | 1.87/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Lancaster - Multiple dwelling units, like apartments or condos |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 3138-011-011 | Improvements Assessment | $1,473,900 |
| Land Assessment | $260,100 | Total Assessment | $1,734,000 |
Property Taxes
Parcel Number
3138-011-011
Land Assessment
$260,100
Improvements Assessment
$1,473,900
Total Assessment
$1,734,000
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44921 Trevor Ave
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