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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$924,999

Est. payment - /mo

7 Beds

4 Baths

8,866 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26169385

Bedrooms 7

Lot Size 8,866 Sqft

Property Sub-Type Res Income 2-4 Units

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 46 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

Zoning Assessor

Direction S Lancaster Blvd

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 3133023007

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

44702 Fig Avenue Lancaster, CA 93534

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

GET MORE INFORMATION