342 E Lancaster Blvd
Description
Presenting a rare opportunity to own a well-maintained 6-unit multi-family residential property in the heart of Lancaster, located at 342 E Lancaster Boulevard. This income-producing asset features a total of 6 bedrooms and 6 bathrooms, with each unit offering 1 bed and 1 bath, ideal for long-term tenants or short-term rentals. Built in 1958, this 3,212 sq ft building sits on a generous 6,755 sq ft lot, offering plenty...Investment Opportunity: 6-Unit Multi-Family Property in Prime Lancaster Location
Presenting a rare opportunity to own a well-maintained 6-unit multi-family residential property in the heart of Lancaster, located at 342 E Lancaster Boulevard. This income-producing asset features a total of 6 bedrooms and 6 bathrooms, with each unit offering 1 bed and 1 bath, ideal for long-term tenants or short-term rentals. Built in 1958, this 3,212 sq ft building sits on a generous 6,755 sq ft lot, offering plenty of on-site parking and potential for value-add improvements or outdoor communal space. The property combines classic mid-century charm with solid construction and steady cash flow, making it a smart addition to any investment portfolio. Strategically located on Lancaster Boulevard, this property is just steps from local shops, dining, and public transportation, ensuring high rental demand in a revitalizing downtown corridor. The area continues to benefit from community-focused redevelopment and growing economic activity. Whether you're a seasoned investor or entering the multi-family market, this turnkey property offers long-term upside and dependable income in one of Lancaster's most promising neighborhoods.
Property Details for 342 East Lancaster Boulevard
Property Details for 342 East Lancaster Boulevard
| Status | Active |
|---|---|
| MLS # | SR25208011 |
| Days on Market | 109 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1958 |
| Lot Size | 0.16 AC / 6,755 SF |
| County | Los Angeles County |
Location
Building Information for 342 East Lancaster Boulevard
Payment Calculator
$4,950 per month
30 year fixed, 6.15% Interest
$4,386
$564
$0
Property Information for 342 East Lancaster Boulevard
- Investment Property: No
- Laundry: No
- Laundry Features: None
- Cooling: Wall/Window Unit(s)
- Heating Type: Central
- Heating: Central
- Roof: Tile
- Fence: No
- Fencing: None
- Sign on Property: No
- Lot Features: 6-10 Units/Acre
- Current Use: Multi-Family
- Land Lease: No
- Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Water Source: Public
- Building Status: Existing
- Asset Class: Multi-Family
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Area: 536
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Number Of Units Leased: 2
Property History for 342 East Lancaster Boulevard
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 12, 2025 | Listed (Active) CRMLS #SR25208011 | $985,000 | — |
| Jul 20, 2024 | Expired CRMLS #SR24035052 | $1,140,000 | — |
| Jul 19, 2024 | Expired CLAW #SR24035052MR | $1,140,000 | — |
| Jul 19, 2024 | Expired SDMLS #SR24035052 | — | |
| Jun 19, 2024 | Expired AVMLS #24001263 | — | |
| Feb 19, 2024 | Listed (Active) SDMLS #SR24035052 | $1,140,000 | — |
| Feb 19, 2024 | Listed (Active) AVMLS #24001263 | $1,140,000 | — |
| Feb 19, 2024 | Listed (Active) CRMLS #SR24035052 | $1,140,000 | — |
| Feb 19, 2024 | Listed (Active) CLAW #SR24035052MR | $1,140,000 | — |
| Sep 16, 2013 | Sold AVMLS #1205222 | $220,000 | — |
| Sep 24, 2012 | Pending AVMLS #1205222 | — | |
| Aug 10, 2012 | Sold (Public Record) Public Record #338202068 | $205,000 | — |
| May 24, 2012 | Listed (Active) AVMLS #1205222 | $229,000 | — |
| Sep 30, 2007 | Expired AVMLS #209273 | — | |
| Aug 3, 2006 | Listed (Active) AVMLS #209273 | $519,000 | — |
| Jun 30, 2006 | Expired AVMLS #188848 | — | |
| Oct 28, 2005 | Listed (Active) AVMLS #188848 | $660,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/12/2025 | Listed (Active) CRMLS #SR25208011 | $985,000 |
| 07/20/2024 | Expired CRMLS #SR24035052 | $1,140,000 |
| 07/19/2024 | Expired CLAW #SR24035052MR | $1,140,000 |
| 07/19/2024 | Expired SDMLS #SR24035052 | — |
| 06/19/2024 | Expired AVMLS #24001263 | — |
| 02/19/2024 | Listed (Active) SDMLS #SR24035052 | $1,140,000 |
| 02/19/2024 | Listed (Active) AVMLS #24001263 | $1,140,000 |
| 02/19/2024 | Listed (Active) CRMLS #SR24035052 | $1,140,000 |
| 02/19/2024 | Listed (Active) CLAW #SR24035052MR | $1,140,000 |
| 09/16/2013 | Sold AVMLS #1205222 | $220,000 |
| 09/24/2012 | Pending AVMLS #1205222 | — |
| 08/10/2012 | Sold (Public Record) Public Record #338202068 | $205,000 |
| 05/24/2012 | Listed (Active) AVMLS #1205222 | $229,000 |
| 09/30/2007 | Expired AVMLS #209273 | — |
| 08/03/2006 | Listed (Active) AVMLS #209273 | $519,000 |
| 06/30/2006 | Expired AVMLS #188848 | — |
| 10/28/2005 | Listed (Active) AVMLS #188848 | $660,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 342 East Lancaster Boulevard
Schools near 342 East Lancaster Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
El Dorado Elementary School PublicK to 5 | ||
Piute Middle School Public6 to 8 | ||
Antelope Valley High School Public9 to 12 | ||
Desert Winds Continuation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of JohnHart Real Estate, Manny Morales, DRE #01897413
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.