Skip main navigation
For sale
  • Listed by: Broker Intrust Real Estate-Hosep Stepanian • Hosep Stepanian • Contact: 818-426-1117
    Price cut: $26K (8/24)
    $899,000

    44702 Fig Ave, Lancaster, CA 93534

    7beds
    4baths
    3,185sqft
    : 
    $6,441/mo
    Get pre-qualified
    Triplex
    Built in 1968
    -- sqft lot
    $891,700 Zestimate®
    $282/sqft
    $-- HOA

    What's special

    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.
    23 days
    |
    199
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Hosep Stepanian DRE #01780506 818-426-1117,

    Broker Intrust Real Estate-Hosep Stepanian

    Source: CRMLS,MLS#: SR26169385MLS LogoOriginating 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
      • Tenant pays: Electricity, Gas

        Estimated market value

        $891,700

        $847,000 - $936,000

        $2,059/mo

        Price history

        DateEventPrice
        8/24/2026Price change$899,000-2.8%$282/sqft
        Source: CRMLS #SR26169385 Report a problem
        8/4/2026Listed for sale$924,999+28.5%$290/sqft
        Source: CRMLS #SR26169385 Report a problem
        11/3/2022Sold$720,000-4%$226/sqft
        Source: GAVAR #22007060 Report a problem
        9/8/2022Pending sale$749,999$235/sqft
        Source: GAVAR #22007060 Report a problem
        7/29/2022Price change$749,999-6.1%$235/sqft
        Source: GAVAR #22007060 Report a problem
        6/18/2022Pending sale$799,000$251/sqft
        Source: GAVAR #22000468 Report a problem
        2/22/2022Price change$799,000-6%$251/sqft
        Source: GAVAR #22000468 Report a problem
        1/17/2022Listed for sale$849,900$267/sqft
        Source: GAVAR #22000468 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Downtown

        Getting around

        88 / 100
        Very Walkable
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            • Local buyer's agents are ready to help