Exceptional Value-Add Investment Opportunity – RTI Expansion to 8 Units. Unlock the incredible potential of 44702 Fig Avenue, Lancaster, a rare investment opportunity with significant upside. Currently operating as a triplex, this property comes Ready-to-Issue (RTI) with approved plans and permits to construct five additional one-bedroom units, bringing the total unit count to eight. Construction is underway with underground utilities completed, framing in progress, and portions of the project already topped out, allowing the next owner to accelerate completion. The estimated timeline to finish the expansion is approximately 4–6 months. The newly constructed one-bedroom units are projected to command $1,600–$1,800 per month in rental income. Upon completion of the full eight-unit development, the property is expected to generate approximately $14,000–$15,000 in monthly gross rental income, creating an outstanding opportunity for long-term cash flow and appreciation. Whether you're an experienced investor, builder, or developer looking to add a high-performing asset to your portfolio, opportunities like this are few and far between. Complete the project, maximize its income potential, and capitalize on the substantial value already built into this exceptional investment.
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Zillow last checked:
Listing updated:
Listed by:
Hosep StepanianDRE #01780506818-426-1117,
Broker Intrust Real Estate-Hosep Stepanian
Source: CRMLS,MLS#: SR26169385Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Heating
Central
Cooling
Central Air
Appliances
Laundry: None
Features
Common walls with other units/homes: 1 Common Wall
Interior area
Total structure area: 3,185
Total interior livable area: 3,185 sqft
Property
Features
Levels: Two
Stories: 2
Entry location: 11
Pool features: None
Lot
Size: 8,866 Square Feet
Details
Parcel number: 3133023007
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Triplex
Attached to another structure: Yes
Condition
New construction: No
Year built: 1968
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Sidewalks
Location
Region: Lancaster
Financial & listing details
Price per square foot: $282/sqft
Tax assessed value: $764,069
Date on market: 8/4/2026
Cumulative days on market: 24 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional