44702 Fig Avenue, Lancaster, CA 93534
Local realty services provided by:ERA North Orange County Real Estate
44702 Fig Avenue,Lancaster, CA 93534
$1,050,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: andre manvelyan
Office: imperial realty co.
MLS#:GD26021603
Source:CAREIL
Price summary
- Price:$1,050,000
About this home
Exceptional value-add opportunity at 44702 Fig Ave. This 3,200 sq ft triplex offers in-place income and upside potential, featuring two 2-bedroom, 1-bath units renting for $1,997 and $1,800 per month, and one 3-bedroom, 2-bath unit renting for $2,450 per month. The property includes approved plans and permits to construct five additional 1-bedroom/1-bath units (approximately 2,300 additional sq ft), bringing the total projected building size to approximately 5,500 sq ft. Construction on the expansion has already begun, including framing, underground work, and top-outs. The estimated completion time is approximately 4–5 months, offering a streamlined path for the next owner to finalize the project. Projected rents for the new 1-bedroom units are estimated at $1,600–$1,800 per month, with potential upside through housing voucher programs. Upon completion, the property is projected to generate approximately $14,000–$15,000+ per month in gross rental income. The plans and permits took approximately three years to secure due to the complexity of adding this number of additional units. This is a rare opportunity for investors and builders seeking a project with approved permits in place, avoiding years of entitlement work....
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Home facts
- Year built:1968
- Listing ID #:GD26021603
- Added:53 day(s) ago
- Updated:March 31, 2026 at 04:13 PM
Rooms and interior
- Kitchen Description:Dishwasher
Heating and cooling
- Cooling:Central Air
- Heating:Central Forced Air
Structure and exterior
- Year built:1968
- Lot area:0.2 Acres
- Lot Features:Mid Block
- Levels:1 Story
Utilities
- Water:District - Public
Finances and disclosures
- Price:$1,050,000
Parking
- Parking description:Off Street Parking
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