This thoughtfully designed and well-maintained four-unit property offers exceptional versatility and strong income potential. The front unit is a spacious, upgraded vacant 2 bedroom, 1 bath residence that lives like a single-family home perfect for owner-occupancy or commanding top market rent. Attached to the front is a private studio with its own separate entrance, providing added rental flexibility. The property also features 2 more studios well-proportioned with own private bath, appealing to a broad tenant base. Each unit is separately metered for gas and electric, ensuring efficient operations and ease of management. Tenants benefit from two covered alley-access parking spaces, while a detached two-car garage with individual single doors offers additional parking, storage, or potential value-add opportunities. Turnkey and pride of ownership throughout, this property is ideally suited for investors seeking strong and reliable cash flow, long-term appreciation, and a high-quality multifamily asset in a solid rental market.
Features
2 bedrooms
4 bathrooms
crop_free8851 sq. ft. lot size
cottageMulti-Family
Property history for 45110 Elm Avenue
2025
Sold
$560,000
22 Jul 2025 by George Kpachavi, of Keller Williams Realty-Studio City
Happy sellers in Lancaster
94%
sentiment_very_satisfied
94% of sellers in Lancaster reported that their sale price either exceeded or met their price expectations.
Lancaster stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 3 reviews in Lancaster over the last 12 months.
Local market activity for 2 bedroom multi families in Lancaster
Sold
For Sale
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