1231 W Avenue H15, Lancaster, CA

$500,000

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4

Beds

2

Baths

0.17

Acres

About 1231 W Avenue H15

Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.

Features of 1231 W Avenue H15

MLS® # OC25101014
Price $500,000
Bedrooms 4
Bathrooms 2.00
Acres 0.17
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Closed

Community Information

Address 1231 W Avenue H15
Area LANCASTER (93534)
City Lancaster
County Los Angeles
State CA
Zip Code 93534

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Cooling Heat Pump(s)
Fireplace Yes
Stories 1 Story

Exterior

Lot Description Sidewalks
Roof Rock/Gravel
Construction Stucco,Wood

Additional Information

Date Listed May 6th, 2025
Days on Market 9
Zoning Public Rec
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeFirst Team Real Estate

Listing Map

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