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44751 Fern Ave
For Sale $1,375,000 ($272.28 per Sq Ft)
$1,375,000 ($272.28 per Sq Ft)
- 7 Units
- 5,050 Sq Ft
- 12,293 Sq Ft
- Unknown Cap Rate
Description
Presenting this well-maintained 7 unit multifamily investment property in one of Lancaster's most desirable rental corridors. Built in 1983, this quality-constructed asset offers investors a stable, turnkey opportunity with strong long-term rental appeal.The property features an attractive unit mix comprised of four spacious 2 bedroom/1 bath units and three 1 bedroom/1 bath units, providing tenants with highly sought-after layouts that continue to drive strong occupancy and rental demand. All units have central A/C and heating. The property also offers 5 garages, 6 carport spaces and 1 uncovered parking space.Ideally situated just one block from Lancaster's vibrant THE BLVD Cultural District, residents enjoy immediate access to an energetic mix of dining, entertainment, nightlife, shopping, and year-round community events along Lancaster Boulevard. This prime infill location enhances tenant desirability while positioning the asset within one of the city's most established and walkable neighborhoods.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,375,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,050 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1983 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3133011033 |
| MLS # | 26838667 |
| Property ID | 322878146 |
| Lot Sqft | 12,293 |
| Zoning | LRR2* |
| Total Units | 7 |
| Days on Market | 45 |
| Original List Price | $1,375,000 |
| Date Updated | June 03, 2026 |
| Date Created | May 26, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,518 | $5,550 |
| Unit #2 | 2 | 1.00 | $1,824 | $8,400 |
| Gross Income (Yr) | $ 137,934 |
| Operating Expenses | $ 55,182 |
| Net Income (Yr) | $ 82,752 |
| Cap Rate | 6.02% |
Listing Provided By
Shant Sherbetdjian an agent of Remax Commercial and Investment Realty. Lic #01713570
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