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$ 924,999
Est. payment /mo
New
44702 Fig Avenue Lancaster, CA 93534
7 Beds
4 Baths
8,866 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26169385
Bedrooms 7
Lot Size 8,866 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional Value-Add Investment Opportunity RTI Expansion to 8 Units. Unlock the incredible potential of 44702 Fig Avenue, Lancaster, a rare investment opportunity with significant upside. Currently operating as a triplex, this property comes Ready-to-Issue (RTI) with approved plans and permits to construct five additional one-bedroom units, bringing the total unit count to eight. Construction is underway with underground utilities completed, framing in progress, and portions of the project already topped out, allowing the next owner to accelerate completion. The estimated timeline to finish the expansion is approximately 46 months. The newly constructed one-bedroom units are projected to command $1,600$1,800 per month in rental income. Upon completion of the full eight-unit development, the property is expected to generate approximately $14,000$15,000 in monthly gross rental income, creating an outstanding opportunity for long-term cash flow and appreciation. Whether you're an experienced investor, builder, or developer looking to add a high-performing asset to your portfolio, opportunities like this are few and far between. Complete the project, maximize its income potential, and capitalize on the substantial value already built into this exceptional investment.
Location
State CA
County Los Angeles
Zoning Assessor
Direction S Lancaster Blvd
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 3133023007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Hosep Stepanian, DRE#01780506 Broker Intrust Real Estate-Hosep Stepanian
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