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Sold for $510,000
  • Listed by: First Team Real Estate • Alex Duarte • Contact: 714-376-9253
    Bought with: Guru Financial
    $510,000

    1231 W Avenue H15, Lancaster, CA 93534

    4beds
    2baths
    1,625sqft
    Duplex
    Built in 1954
    -- sqft lot
    $506,400 Zestimate®
    $314/sqft
    $1,837 Estimated rent

    Home value

    $506,400

    $456,000 - $562,000

    $1,837/mo

    Zestimate® history
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    What's special

    New vinyl plank flooring
    Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.

    Zillow last checked:

    Listing updated:

    Listed by:

    Alex Duarte DRE #01970077 714-376-9253,

    First Team Real Estate

    Bought with:

    Anil Srivastava, DRE #01215524

    Guru Financial

    Source: CRMLS,MLS#: OC25101014MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Rooms
    • Room types: Kitchen, Living Room
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Inside
    Features
    • Flooring: Carpet, Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,625
    • Total interior livable area: 1,625 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage Faces Side
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Average Condition,Chain Link,Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,542 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 3120031016
    • Zoning: LRR2*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Mid-Century Modern
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Drywall, Concrete, Stucco, Wood Siding
    • Foundation: Slab
    • Roof: Tar/Gravel
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Connected, Water Available

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Lancaster

    Financial & listing details

    • Price per square foot: $314/sqft
    • Tax assessed value: $419,176
    • Annual tax amount: $6,366
    • Date on market: 5/6/2025
    • Cumulative days on market: 9 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA,Fannie Mae,Freddie Mac,Government Loan,Submit,VA Loan
    • Exclusions: Tenant belongings
    • Total actual rent: 51708
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/9/2025Sold$510,000+2%$314/sqft
    Source: CRMLS #OC25101014 Report a problem
    7/1/2025Pending sale$500,000+26.6%$308/sqft
    Source: CRMLS #OC25101014 Report a problem
    10/4/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    9/17/2021Listed for rent$2,050$1/sqft
    Source: Zillow Rental Manager Report a problem
    7/23/2021Sold$395,000+58%$243/sqft
    Source: Public Record Report a problem
    4/22/2005Sold$250,000+197.6%$154/sqft
    Source: Public Record Report a problem
    8/22/2001Sold$84,000$52/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,366 +3.8%$419,176 +2%
    2024$6,130 +2.1%$410,958 +2%
    2023$6,007 +1.9%$402,900 +2%
    2022$5,895 +17.5%$395,000 +22.7%
    2021$5,016 +14%$321,926 +18.4%
    2020$4,399 $272,000 +5.4%
    2019$4,399 +19.6%$258,000 +20.6%
    2018$3,678 $214,000 +5.2%
    2017$3,678 +3.3%$203,500 +31.3%
    2016$3,562 +23%$155,000 +17.4%
    2015$2,897 +16.8%$132,000 +12.3%
    2014$2,480 $117,500 +46.9%
    2012-- $80,000
    2011-- $80,000 -70.4%
    2010-- $269,964 -0.2%
    2009-- $270,606 +2%
    2008-- $265,301 +2%
    2007-- $260,100 +2%
    2006-- $255,000 +180.8%
    2005-- $90,803 +4%
    2004-- $87,279 +1.9%
    2003-- $85,680 +2%
    2002-- $84,000 +41.2%
    2000-- $59,500
    Find assessor info on the county website

    Neighborhood: Desert View

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $506,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $506,400