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JLee Broker

[email protected] +1(650) 857-1000

Listed by Hosep Stepanian, DRE #01780506 • Broker Intrust Real Estate-Hosep Stepanian

$924,999

Est. payment - /mo

8,866 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR26169385

Year Built 1968

Lot Size 8,866 Sqft

Property Sub-Type Triplex

Source California Regional MLS

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 4-6 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

Area Lac - Lancaster

Interior

Heating Central Forced Air

Cooling Central AC

Laundry None

Exterior

Pool None

Building

Water District - Public

Others

Tax ID 3133023007

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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44702 Fig AVE Lancaster, CA 93534

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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