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$675,000
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Property Description
Fantastic opportunity to own a well-maintained 4-unit income-producing property on a generous 0.5-acre lot in the heart of Lancaster. The property features a desirable unit mix, consisting of one spacious 2-bedroom, 1.5-bathroom unit and three 1-bedroom, 1-bathroom units-perfect for steady rental income and long-term tenant stability. Recent upgrades include a brand-new roof (2024) and updated main line plumbing upgrades, significantly reducing future maintenance expenses and adding long-term value. Each unit is separately metered for electricity and gas, offering added efficiency and control for both tenants and owner.
Centrally located near major shopping centers, schools, public transit, and parks, the property provides convenience and appeal to prospective renters. The expansive half-acre lot also presents potential for additional amenities, expanded parking, or possible future development with R-3 zoning (buyer to verify with city). With its strong fundamentals, recent improvements, and excellent location, this turnkey asset is a solid investment opportunity for both seasoned investors and those entering the multifamily space.
Full Property Details
Full Property Details for 4024 W Ave L
General
- Sold For: $675,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: IG25170390
- Added to Site: 216 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup
Additional Information
- Pool Description: None
Location
- Area: LAC - Lancaster
- County: Los Angeles
- Development Name: LAC - Lancaster
- Driving Directions: 40th St West and Ave L
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,576
- Year Built: 1956
Lot Features
- Lot Size (Acres): 0.4709
- Lot Size Source: Assessor
- Zoning: LCR3*
- Lot Description: 0-1 Unit/Acre, Lot 20000-39999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $262.03
- Price Per Unit: 168750
Listed by Exp Realty Of California Inc., Joseph Trujillo and Nara Advisors, Tyler Brand
Sold by Real Estate eBroker, Inc., Johnny Dudzik
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Schools
Schools serving 4024 W Ave L
School Districts:Antelope Valley Union Joint High School District, Westside Union Elementary School District
| Name | Grades | Distance |
|---|---|---|
Valley View Elementary School, Lancaster, CA 3310 West Avenue L 8, Lancaster, CA 93536 | K-8 | 0.8 mi |
Joe Walker Middle School 5632 W. Ave. L-8, Lancaster, CA 93536 | 6-8 | 1.7 mi |
Lancaster High School 44701 32nd Street West, Lancaster, CA 93536 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4024 W Ave L
Date
Details
Price
Change
Source
10/01/2025
Sold
$675,000
—
MLS
7/29/2025
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4024 W Avenue L, Lancaster, CA 93536 (MLS# IG25170390) is a Multi-Family property that was sold at $675,000 on October 01, 2025. Want to learn more about 4024 W Avenue L? Do you have questions about finding other Multi-Family real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

