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44702 Fig AVE Lancaster, CA 93534
8,864 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26169385
HOA Y/N No
Year Built 1968
Lot Size 8,864 Sqft
Property Sub-Type Triplex
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 4–6 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
Area Lac - Lancaster
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 3133023007
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Hosep Stepanian Broker Intrust Real Estate-Hosep Stepanian 818-426-1117, DRE #01780506
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