About This Home

This 8-bedroom, 4-bathroom residential multi family at 47428 5th Street in Lancaster, CA is listed for $590,000 ($224 per sqft). Built in 1957, the home offers 2,634 sqft of living space on a 2.36 acres lot.

Key Features

  • Built in 1957
  • 2.36 acre lot

Property Details

4 full
1957

Amenities

A/C
Listing Description

Multifamily Investment Opportunity - 2.36 Acres in Rural West Lancaster Welcome to a rare multifamily property on 2.36 acres of flat, fully fenced land in a quiet rural pocket of Lancaster. This unique offering features four separate living units totaling 2,634 square feet, with 8 bedrooms and 4 bathrooms combined--ideal for an investor seeking strong rental income or a buyer looking for multi-generational living with space and privacy.

The property includes two 2-unit duplexes, giving you flexible configurations for tenants or family. Beyond the residences, the land is complemented by multiple outbuildings, including a detached garage, several sheds, and an old barn--providing excellent storage, workshop space, or potential for additional uses.

Set in a peaceful rural community, the property offers abundant privacy and a quiet atmosphere while remaining conveniently located with easy access to the 14 Freeway for commuting into the Antelope Valley or beyond. The flat, usable acreage and existing infrastructure make this a compelling opportunity for those seeking space, income potential, and a low-key lifestyle without sacrificing connectivity.

Highlights: 2.36 acres of flat, fenced land 4 units totaling 2,634 sq ft 8 bedrooms / 4 bathrooms Detached garage, sheds, and old barn Rural setting with excellent privacy Easy access to Highway 14 A solid multifamily property with room to grow in a desirable rural location.

Monthly Cost Estimate

$3,155/mo

20% down · 6.5% · 30 years

Principal$427
Interest$2,557
Insurance$172

Estimates only. Actual payments may vary.

Location

47428 5th Street

Lancaster, CA 93534

Property Details

Construction

Frame Stucco Shingle Siding

Cooling

Ductless

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 47428 5th Street is listed at $590,000 ($224/sqft). The estimated monthly payment is $3,155 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1957, 2.36 acre lot.

This property is listed by Lorena Semerenko.

LS

Lorena Semerenko

License 01960907

Agent at RE/MAX All Pro

Listed by RE/MAX All Pro · Broker phone: (661) 945-9461 · View on Broker Site · Broker website

MLS# 26008042· Source: Greater Antelope Valley Association of Realtors· 7 days on PropertySimple

Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

47428 5th Street, Lancaster, CA 93534

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