1011 W Avenue H12
Lancaster, CA, 93534
$1,040,000
Original list price: $1,090,000
MLS: SR26122376
Beds
8
Baths
7
Sq Ft
3,940
Lot
0.18 ac
Year Built
1981
MLS #
SR26122376
Days on Market
156
Listed
Jun 4, 2026
Description
4-Unit Multifamily | On Time Income | Tenants | Turnkey Value-Add Exceptional 4-unit investment opportunity in the heart of Lancaster. This well-maintained multifamily property consists of four 2-bedroom, 1-bath units and offers strong, stable income with a proven rental history. Three of the four units have been occupied by long-term tenants for over 10 years, reflecting tenant satisfaction and consistent occupancy. Located in a growing area of the Antelope Valley with convenient access to shopping, schools, employment centers, and major commuter routes. The property currently generates substantial rental income and presents an attractive opportunity for investors seeking immediate cash flow and long-term appreciation potential. Approximately $7,478/month in gross rental income. Whether you’re looking to expand your portfolio, complete a 1031 exchange, or acquire a performing multifamily asset, this property offers a rare combination of stability, income, and future upside in one of Lancaster’s established rental markets. Buyer to independently verify all rental income, expenses, leases, and property information.
Location
Lancaster, Los Angeles County, CA 93534
Open on Google Maps ↗Also listed on GAVAR · MLS# 26004421
Listed by: Charly Daoud · eXp Realty of Greater Los Angeles, Inc.
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$8,114
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $104,000 · Loan: $936,000
Average 30-yr fixed rate 7.18% as of Nov 5, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $6,341
- Property tax (1.25%)
- $1,083
- Homeowners insurance
- $300
- Mortgage insurance
- $390
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Nov 5, 2026
- 30-year fixed
- 7.18%
- 15-year fixed
- 6.57%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Lancaster, CA in context
Lancaster fits buyers who want the BLVD in 93534, a west-side family street in 93536, or east-side payment room in 93535. It is three products, not one median. Quartz Hill shares 93536 and is unincorporated, so shop the street. Mike Watson, Keller Williams in Palmdale, DRE #01712313, has been licensed in California since 2005. Start with the live listings, the family-neighborhood guide, or the city first-time buyer page if the deferred loan is why you are here. If you are evaluating homes in Lancaster, Mike Watson lives and works the Lancaster market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lancaster home with as little as 3.5% down using an FHA loan — roughly $36,400 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Lancaster, CA 93534 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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