45122 Spearman Ave, Lancaster, CA 93534

Property Description

Calling all Investors and First-Time Buyers! This is a fantastic investment opportunity that holds even more potential. You have the flexibility to either rent out both units or reside in one while renting out the other to help cover the mortgage costs. This duplex consists of two units, each with its own separate address: 45122 and 45124 Spearman Ave (for mailing purposes. 45122 is on title and there is one APN). There are separate gas and electric meters. And one water meter. Both units feature 1 bedroom and 1 bathroom, offering a total of 957 square feet. To add to the allure, one of the units has recently undergone a fresh interior paint job. Inside, you'll find a cozy living area and a convenient eat-in kitchen. The property also boasts a detached two-car garage that presents the potential for third and fourth unit conversion. Situated on a spacious and highly usable lot spanning 7,834 square feet, this property is a true gem. Notably, this parcel falls within the Transit-Oriented Development (TOD) zone and the neighborhood medium (NM) zone section, as per the City planning for Lancaster. Moreover, the City planning department has indicated the "potential" for a triplex or quadplex up to three stories, subject to the guidelines. To ensure accurate and comprehensive information, it is strongly advised that all prospective buyers conduct their own due diligence by contacting the city planning department for further details and verification. The property comes with the added benefit of no HOA fees and boasts low taxes. Limited termite clearance report on file. Photos have been “virtually” staged.