116 Nicobar
Lancaster, CA, 93534
$279,000
MLS: SR26231266
Beds
2
Baths
2
Sq Ft
1,300
Lot
0.11 ac
Year Built
1957
MLS #
SR26231266
Days on Market
6
Listed
Oct 26, 2026
Description
INVESTOR ALERT! RARE MULTI-PROPERTY INVESTMENT OPPORTUNITY IN LANCASTER! 116 Nicobar Street, Lancaster, CA 93534 ONE PURCHASE. MULTIPLE INCOME OPPORTUNITIES. UNLIMITED POTENTIAL! Attention investors, builders, and developers! Here’s your chance to secure an exciting investment opportunity in Lancaster with a duplex that has been stripped down to its interior shell, offering the possibilty of Two bedrooms, one bathroom, living room and kitchen in each seperate unit. PLUS TWO ADDITIONAL LOTS INCLUDED IN THE SALE! 3138-027-003, 3138-027-004 Why settle for one income-producing property when you can invest in a property with the potential for multiple revenue streams? The existing duplex features approximately 1,300 square feet, two units, and separate living spaces, offering an opportunity to generate rental income while planning your next investment move. But the REAL VALUE lies in the expansion potential! Included in this unique offering are TWO ADDITIONAL LOTS, creating an exciting opportunity to explore the construction of additional residential income properties, subject to city approvals, zoning requirements, and permits. Imagine the possibilities: maintain the existing duplex as a rental investment while developing the additional lots to potentially expand your rental portfolio, increase cash flow, and build long-term equity. WHY INVESTORS WILL LOVE THIS OPPORTUNITY: Existing Duplex: Two residential units with rental income potential. Two Additional Lots Included: Valuable land offering potential for future residential development. Multiple Income Streams: Opportunity to expand beyond the existing two units. Build Long-Term Wealth: Explore additional construction to maximize the property’s investment potential. Flexible Investment Strategy: Ideal for buy-and-hold investors, builders, developers, and investors looking to expand their portfolios. Lancaster Location: Situated in an established Antelope Valley community. This is more than a duplex — it’s an opportunity to turn one investment into a larger income-producing real estate portfolio! DON’T JUST BUY AN INVESTMENT PROPERTY — INVEST IN THE POTENTIAL TO BUILD MORE!
Location
Lancaster, Los Angeles County, CA 93534
Open on Google Maps ↗Listed by: Erick Escobar · Beverly and Company
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
$2,406
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $27,900 · Loan: $251,100
Average 30-yr fixed rate 7.24% as of Oct 29, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $1,711
- Property tax (1.25%)
- $291
- Homeowners insurance
- $300
- Mortgage insurance
- $105
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 Oct 29, 2026
- 30-year fixed
- 7.24%
- 15-year fixed
- 6.60%
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 $9,765 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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