$395,500
$379,999
4.1%For more information regarding the value of a property, please contact us for a free consultation.
45122 Spearman Avenue Lancaster, CA 93534
1 Bed
1 Bath
7,837 Sqft Lot
Key Details
Sold Price $395,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW24113209
Bedrooms 1
Lot Size 7,837 Sqft
Property Description
Calling all Investors and First-Time Buyers! This is a fantastic investment opportunity that holds even more potential. You have the flexibility to either rent out both units or reside in one while renting out the other to help cover the mortgage costs. This duplex consists of two units, each with its own separate address: 45122 and 45124 Spearman Ave (for mailing purposes. 45122 is on title and there is one APN). There are separate gas and electric meters. And one water meter. Both units feature 1 bedroom and 1 bathroom, offering a total of 957 square feet. To add to the allure, one of the units has recently undergone a fresh interior paint job. Inside, you'll find a cozy living area and a convenient eat-in kitchen. The property also boasts a detached two-car garage that presents the potential for third and fourth unit conversion. Situated on a spacious and highly usable lot spanning 7,834 square feet, this property is a true gem. Notably, this parcel falls within the Transit-Oriented Development (TOD) zone and the neighborhood medium (NM) zone section, as per the City planning for Lancaster. Moreover, the City planning department has indicated the "potential" for a triplex or quadplex up to three stories, subject to the guidelines. To ensure accurate and comprehensive information, it is strongly advised that all prospective buyers conduct their own due diligence by contacting the city planning department for further details and verification. The property comes with the added benefit of no HOA fees and boasts low taxes. Limited termite clearance report on file. Photos have
Calling all Investors and First-Time Buyers! This is a fantastic investment opportunity that holds even more potential. You have the flexibility to either rent out both units or reside in one while renting out the other to help cover the mortgage costs. This duplex consists of two units, each with its own separate address: 45122 and 45124 Spearman Ave (for mailing purposes. 45122 is on title and there is one APN). There are separate gas and electric meters. And one water meter. Both units feature 1 bedroom and 1 bathroom, offering a total of 957 square feet. To add to the allure, one of the units has recently undergone a fresh interior paint job. Inside, you'll find a cozy living area and a convenient eat-in kitchen. The property also boasts a detached two-car garage that presents the potential for third and fourth unit conversion. Situated on a spacious and highly usable lot spanning 7,834 square feet, this property is a true gem. Notably, this parcel falls within the Transit-Oriented Development (TOD) zone and the neighborhood medium (NM) zone section, as per the City planning for Lancaster. Moreover, the City planning department has indicated the "potential" for a triplex or quadplex up to three stories, subject to the guidelines. To ensure accurate and comprehensive information, it is strongly advised that all prospective buyers conduct their own due diligence by contacting the city planning department for further details and verification. The property comes with the added benefit of no HOA fees and boasts low taxes. Limited termite clearance report on file. Photos have been virtually staged.
Location
State CA
County Los Angeles
Area Lancaster (93534)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Curbs
Story 1
Others
Monthly Total Fees $83
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $925
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Bought with Pamela Perry • Realty One Group Success