4518 Lancaster Ave

Highlights:

• Days on Market: 3
• Heating: Forced Air

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.

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Listing ID: 804444159334