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About the Listing G6784 - G165114111
Exceptional value-add opportunity at 44702 Fig Ave. This 3,200 sq ft triplex offers in-place income and upside potential, featuring two 2-bedroom, 1-bath units renting for $1,997 and $1,800 per month, and one 3-bedroom, 2-bath unit renting for $2,450 per month. The property includes approved plans and permits to construct five additional 1-bedroom/1-bath units (approximately 2,300 additional sq ft), bringing the total projected building size to approximately 5,500 sq ft. Construction on the expansion has already begun, including framing, underground work, and top-outs. The estimated completion time is approximately 4–5 months, offering a streamlined path for the next owner to finalize the project. Projected rents for the new 1-bedroom units are estimated at $1,600–$1,800 per month, with potential upside through housing voucher programs. Upon completion, the property is projected to generate approximately $14,000–$15,000+ per month in gross rental income. The plans and permits took approximately three years to secure due to the complexity of adding this number of additional units. This is a rare opportunity for investors and builders seeking a project with approved permits in place, avoiding years of entitlement work.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
GD26021603
Year Built
1968
Total Square Footage
3,185
Lot/Acreage
0.2
County
Los Angeles
Area
LAC - Lancaster
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances: Dishwasher, Gas Range
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 3133023007
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
44702 Fig Ave Lancaster, CA 93534
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