44520 Date Avenue, Lancaster, California 93534, Lancaster, - bed, bath
ACTIVE$665,000
44520 Date Avenue, Lancaster, California 93534
0Bed
0Bath
2,494Sqft
8,887Lot
Year Built
1950
Close
-
List price
$665K
Original List price
$665K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25107041
Home ConditionPoor
Features
View-
About this home
44520 Date Ave is a 2 Bd 1 Ba. & very large Bonus room in House w/fireplace Tenant owns wash/dryer/ has laundry hook ups. current Rent $2,351mo. The Rear Bldg. (2) 1 bd-1ba units) 44518 Date Ave. rent is $1,450 mo and 44522 Date Ave. $790 mo to mo leases, with capped off laundry hookups in rear building only. Nice Lot (for tenants use) behind house separates second building. All Tenants are on mo to mo leases. 2 Parking spaces (is in rear attached parking carport structure for 1 bd units) and in front house has 2 plus. Buyer responsible to verify any/all information. Do not disturb tenants please. Front house built 1950 Rear Two Units rear building built in 1957.
Price History
Date
Event
Price
05/14/25
Listing
$665,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,494 | 2,051 | 80% |
| Lot Size | 8,887 | 8,259 | 70% |
| Price | $665K | $578K | 80% |
| Price per square foot | $267 | $278.5 | 50% |
| Built year | 1950 | 9750976 | 50% |
| HOA | |||
| Days on market | 175 | 177 | 40% |
Condition Rating
Poor
Built in 1950, this property shows significant age and a lack of major renovations in recent decades. The kitchen is extremely outdated with original or very old cabinets, laminate countertops, basic coil-top stove, and dated flooring, requiring substantial rehabilitation. The reliance on window AC units and a roof-mounted swamp cooler indicates a lack of modern central cooling, which is a major system deficiency. While habitable, the property requires extensive updates and repairs to meet current living standards and comfort.
Pros & Cons
Pros
Strong Income-Generating Asset: This triplex property offers three distinct units, providing a diversified and robust income stream for investors.
Established Cash Flow: All units are currently occupied with tenants on month-to-month leases, ensuring immediate and consistent rental income upon acquisition.
Flexible Lease Terms: Month-to-month leases provide strategic flexibility for a new owner to adjust rents, implement property improvements, or potentially occupy a unit.
Generous Lot Size: The substantial 8,887 sqft lot offers ample outdoor space for tenants and potential for future property enhancements or expansion, subject to local zoning.
Dedicated Parking Availability: The property includes multiple parking spaces, with a carport for the rear units and additional parking for the front house, a valuable amenity for tenants.
Cons
Aging Infrastructure & Potential Deferred Maintenance: Built in 1950 and 1957, the properties likely have older systems and structures, which may necessitate significant capital expenditures for updates and repairs.
Limited Tenant Amenities (Laundry): The rear building units have 'capped off laundry hookups,' indicating a lack of readily available in-unit laundry facilities, which could impact tenant satisfaction and rental appeal.
Potential for Under-Market Rents: One rear unit's rent of $790/month appears significantly lower than the other units, suggesting potential for under-market rates and the need for rent adjustments, which may lead to tenant turnover.