CA > Lancaster
Lancaster, CA 93535,102 E Lancaster BLVD
Lancaster, CA 93535,102 E Lancaster BLVD
Lancaster, CA 93535,102 E Lancaster BLVD
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$895,000
Est. payment /mo
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10 Beds
10 Baths
5,588 SqFt
New

102 E Lancaster BLVD Lancaster, CA 93535

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,588 sqft

Price per Sqft $160

MLS Listing ID 25553283

Bedrooms 10

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1983

Lot Size 0.350 Acres

Property Description

**PLEASE DO NOT DISTURB TENANTS. CALL LISTING AGENT FOR MORE INFORMATION. We are pleased to present a 5-unit apartment building located at 102 E Lancaster Boulevard in Lancaster, California. The subject property is in a solid Lancaster location, east of Division Street and south of Lancaster Boulevard. Built in 1983, this property contains a great unit mix of five (5) two-bedroom / two-bathroom units averaging 1,118 SF each. One (1) tenant is on Section 8. Each unit features second story balcony space and fenced back patio space. These character, Spanish-style units sit on a large 15,278 SF corner lot. There is an abundance of on-site parking available with fully parked garage parking and plenty of uncovered space. There is strong potential to utilize SB 1211 and build up to five (5) ADUs out of the three (3) existing garage structures while leaving fully parked on-site parking available. The Lancaster area is developing with new commercial amenities such as Sprouts Farmers Market, Dutch Bros, Chick-Fil-A, and a new food assembly and distribution center for Trader Joe's all coming to the area. Various industries are coming to the city to take advantage of its numerous economic opportunities with several Fortune 500 companies planting operations in the area such as Morton Manufacturing, BYD, Lance Camper and more. The growth of these companies has led to an increase in job opportunities and economic growth, making the city a prime destination for investment. Situated in a solid Lancaster location, this property presents an excellent opportunity for any investor to capitalize on strong rental upside potential and build up to five (5) ADUs in a rapidly developing market that isn't subject to local rent control (subject to AB 1482).

Location

State CA

County Los Angeles

Area Lac - Lancaster

Zoning LRR3*

Interior

Heating Wall Furnace

Flooring Wood

Fireplace No

Exterior

Parking Features Garage, Gated, Uncovered

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Gated

Porch Rear Porch, Covered, Enclosed

Attached Garage No

Total Parking Spaces 11

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 3142007050

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by John Boyett • CBRE

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agent

Nan Free

Agent | License ID: 01895877

+1(714) 220-7669

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102 E Lancaster BLVD