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$ 989,000
Est. payment | /mo
9 Beds
5 Baths
3,252 SqFt
$ 989,000
Est. payment | /mo
9 Beds
5 Baths
3,252 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,252 sqft
Price per Sqft $304
MLS Listing ID 26005335
Bedrooms 9
Year Built 1942
Lot Size 9,147 Sqft
Acres 0.21
Source Greater Antelope Valley Association of REALTORS®
Land Area 3252
Property Description
Rare income producing opportunity in Lancaster! Welcome to 210/212/214/216 W Kildare St, a fully permitted 3 unit property with an JrADU, offering a total of 4 rental units with strong in place income and an estimated cap rate just above 10% at the current list price. This R3 zoned property is the type of cash flowing asset that is extremely hard to find in today's market. The property features four separate electrical meters, four separate gas meters, shared water, and one unit with fully paid solar. All tenants have lease agreements in place, providing immediate rental income from day one. Unit 212 is the main residence, offering 3 bedrooms, 2 bathrooms, approximately 1,409 sq ft, remodeled in 2019, and equipped with central heat and AC. Unit 210 is a 2 bedroom, 1 bath unit completed in 2024 and features a multi-zone split system. Units 214 and 216 are brand new 2025 construction, each offering 2 bedrooms and 1 bathroom with fire sprinklers installed and tankless water heaters. Unit 214 features independent mini-split systems, and Unit 216 features independent mini-split systems plus paid solar. Three out of the four units include split systems in every bedroom, with a combination of independent and multi-zone configurations for added comfort and efficiency. Select units also feature recessed lighting, laminate flooring, updated finishes, and may include furniture, making this an attractive turnkey opportunity for investors. With a rare combination of permitted improvements, updated units, newer construction, separate utility meters, paid solar, efficient HVAC systems, and strong documented rental income, this property is ideal for investors seeking cash flow, long term appreciation, and a low maintenance multifamily asset. City records and invoices are available to support the permitted work. Conveniently located near shopping, schools, public transportation, and major commuter routes, this is a turnkey multifamily opportunity in the heart of Lancaster.
Location
State CA
County Los Angeles
Zoning R3
Direction Exit Ave J from 14fwy go east, turn left on division st, left on Kildare st , left on side
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Shingle
Building
Structure Type Block,Stucco
Nearby Locations
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