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.
For sale
Listed by: Broker Intrust Real Estate-Hosep Stepanian • Hosep Stepanian • Contact: 818-426-1117
Price cut: $54K (9/21)
$795,000
44702 Fig Ave, Lancaster, CA 93534
7beds
4baths
3,185sqft
Triplex
Built in 1968
-- sqft lot
$793,000 Zestimate®
$250/sqft
$-- HOA
What's special
- 70 days
- 239
- 17
Zillow last checked:
Listing updated:
Listed by:
Hosep Stepanian DRE #01780506 818-426-1117,
Broker Intrust Real Estate-Hosep Stepanian
Source: CRMLS,MLS#: SR26169385
Originating 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: $250/sqft
- Tax assessed value: $764,069
- Date on market: 8/4/2026
- Cumulative days on market: 70 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional
- Tenant pays: Electricity, Gas
Estimated market value
$793,000
$753,000 - $833,000
$1,996/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Price change | $795,000-6.4%$250/sqft |
Source: | ||
| 9/4/2026 | Price change | $849,000-5.6%$267/sqft |
Source: | ||
| 8/24/2026 | Price change | $899,000-2.8%$282/sqft |
Source: | ||
| 8/4/2026 | Listed for sale | $924,999+28.5%$290/sqft |
Source: | ||
| 11/3/2022 | Sold | $720,000-4%$226/sqft |
Source: | ||
| 9/8/2022 | Pending sale | $749,999$235/sqft |
Source: | ||
| 7/29/2022 | Price change | $749,999-6.1%$235/sqft |
Source: | ||
| 6/18/2022 | Pending sale | $799,000$251/sqft |
Source: | ||
| 2/22/2022 | Price change | $799,000-6%$251/sqft |
Source: | ||
| 1/17/2022 | Listed for sale | $849,900$267/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $764,069 +2% |
| 2025 | $11,031 +4.1% | $749,088 +2% |
| 2024 | $10,594 +2.1% | $734,400 +2% |
| 2023 | $10,377 +108.6% | $720,000 +166.1% |
| 2022 | $4,975 +1.9% | $270,525 +2% |
| 2021 | $4,884 +1% | $265,221 +1% |
| 2020 | $4,834 | $262,503 +2% |
| 2019 | $4,834 +3.2% | $257,357 +2% |
| 2018 | $4,685 | $252,312 +2% |
| 2017 | $4,685 +1.1% | $247,366 +2% |
| 2016 | $4,636 +4.3% | $242,517 +1.5% |
| 2015 | $4,444 +1.5% | $238,875 +2% |
| 2014 | $4,379 | $234,196 +2.5% |
| 2012 | -- | $228,569 +2% |
| 2011 | -- | $224,088 +0.8% |
| 2010 | -- | $222,414 -0.2% |
| 2009 | -- | $222,943 +2% |
| 2008 | -- | $218,573 +4% |
| 2006 | -- | $210,087 |
| 2005 | -- | $210,087 +7.7% |
| 2004 | -- | $195,000 +5.4% |
| 2003 | -- | $185,000 +72.9% |
| 2002 | -- | $107,000 |
Find assessor info on the county website
Monthly payment
Est. payment







