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4518 Lancaster Ave
For Sale $950,000
$950,000
- 6 Units
- Unknown Sq Ft
- 5,003 Sq Ft
- Unknown Cap Rate
Description
Rare opportunity to acquire a large-scale CMX-2 mixed-use asset along the rapidly evolving Lancaster Avenue corridor, offering approximately 8,000 square feet across six income-generating spaces. The property consists of four residential apartments — all currently occupied — including two 3-bedroom units, one 2-bedroom unit, and one 1-bedroom unit, each featuring modern, rent-ready interiors designed for durability and long-term tenant appeal. The ground level includes two commercial spaces, highlighted by an established gym tenant operating under a multi-year lease, alongside an approximately 1000 SF office space delivered vacant, providing flexibility for an owner-user or a lease-up opportunity. Low annual taxes contribute to efficient operating expenses, while CMX-2 zoning offers long-term versatility. Positioned directly adjacent to a newly constructed 2025 multifamily development, the property benefits from continued investment and corridor growth. With diversified income streams, scale rarely found in similar offerings, and near-term upside through commercial lease-up and residential optimization, this property presents a compelling acquisition for investors seeking stabilized cash flow with future appreciation potential.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $950,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871067910 |
| MLS # | PAPH2575118 |
| Property ID | 294810403 |
| Lot Sqft | 5,003 |
| Zoning | CMX2 |
| Total Units | 6 |
| Days on Market | 17 |
| Original List Price | Unknown |
| Date Updated | February 16, 2026 |
| Date Created | February 15, 2026 |
| Land Value Unit Type | SF |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Kyle M Carmona an agent of . Lic #RS337795
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Data last updated: March 04, 2026.
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Robert Crawford
REAL ESTATE AGENT