44237 44237 Cedar, Lancaster, California 93534, Lancaster, - bed, bath
ACTIVE$529,000
44237 44237 Cedar, Lancaster, California 93534
0Bed
0Bath
2,456Sqft
9,209Lot
Year Built
1954
Close
-
List price
$529K
Original List price
$590K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25229633
Home ConditionPoor
Features
View-
About this home
LOTS OF SQUARE FOOTAGE! TRIPLEX WITH AN ATTACHED 3 CAR GARAGE THAT OPENS TO THE ALLEY. There are 2 Units on the Main Level. 3rd Unit is Over the Garage in the back of the property. All 3 have 2 bedrooms, 1 bathrooms. Front unit is rented on a month to month tenancy to a long time tenant. The other 2 units are vacant so you can set your own rents. The units need some sprucing but those the price. Also the city shows HDR (please confirm), 15-30 units per acre so maybe the city will allow conversion of garage to an additional unit. Check with them! Great Opportunity for Investors!
Nearby schools
3/10
Sierra Elementary School
Public,•K-5•0.7mi
4/10
Endeavour Middle School
Public,•6-8•4.1mi
2/10
Antelope Valley High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
10/07/25
Price Change
$529,000-10.3%
10/01/25
Listing
$590,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,456 | 2,051 | 80% |
| Lot Size | 9,209 | 8,259 | 80% |
| Price | $529K | $545K | 50% |
| Price per square foot | $215 | $273.5 | 10% |
| Built year | 1954 | 9755977 | 80% |
| HOA | |||
| Days on market | 35 | 177 | 10% |
Condition Rating
Poor
Built in 1954, this triplex is in very poor condition and requires substantial repairs and rehabilitation. The kitchens feature extremely outdated appliances, peeling paint on ceilings, and dated cabinetry. Bathrooms are similarly outdated with old fixtures and pink/peach tiled walls. Throughout the units, there are worn, dirty carpets and visible signs of neglect, including exposed wiring/plumbing in utility areas. While one unit is currently rented, the overall state suggests significant defects and discomfort, necessitating a full renovation of all major components and cosmetic finishes.
Pros & Cons
Pros
Multiple Income Streams: The property is a triplex, providing diversified rental income and reducing vacancy risk compared to single-unit properties.
Significant Development Potential: Zoned HDR (15-30 units/acre) with an attached 3-car garage, presenting a strong opportunity for additional unit conversion (e.g., ADU) to maximize density and income, subject to city approval.
Immediate Rent Optimization: Two of the three units are vacant, allowing a new owner to set market-rate rents from day one, significantly impacting cash flow and return on investment.
Valuable Attached 3-Car Garage: The attached 3-car garage offers ample parking or storage, and is a key component for potential conversion into an additional income-generating unit.
Recent Price Adjustment: A notable price reduction from the original listing price enhances the property's attractiveness and potential for a favorable acquisition.
Cons
Requires Renovation/Updates: The property description explicitly states units 'need some sprucing,' indicating a need for capital investment to modernize and maximize rental value.
Older Property (1954 Build): Built in 1954, the property likely has older systems and finishes, which may lead to higher maintenance costs and require significant upgrades to meet current tenant expectations.
Development Potential Requires Due Diligence: While promising, the conversion of the garage or further development based on HDR zoning is subject to city confirmation and approval, introducing an element of uncertainty and additional costs for the buyer.