1040 E Avenue K11, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 3 bath
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Lancaster, California 93535
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $575,000—positioned well above the $483,470 Fair Market Value by 18%. While the property requires a premium, its Fair Condition Rating and 2,526 sqft floor plan offer significant value-add potential through cosmetic updates. Featuring a versatile den, solar energy, and desert views, the home provides a flexible layout for modern living. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable asset in the Lancaster market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 E Avenue K11 Subject | $575,000* List Price | 4 | 3 | 2,526 | $191 | - |
A 43619 Emile Zola Street Sold | $465,000 | 4 | 2 | 2,046 | $227 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004 (22 years old), the property falls into the 'Fair' category (>20 years). While it features updated laminate flooring and fresh paint, the listing explicitly mentions the need for personalization and updates over time, and the systems/fixtures appear original to the 20-year-old construction.
With over 2,500 sqft, a downstairs den/office, and a flexible living room layout, this home offers exceptional adaptability for large families or remote work needs.
Built in 2004, the home features high ceilings, large windows for natural light, and a seamless flow between the kitchen and family room, perfect for contemporary living.
The property includes an installed solar system, providing an immediate opportunity for the buyer to manage and reduce monthly utility costs in the Lancaster climate.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The solar panels are under a Power Purchase Agreement (PPA), which requires the buyer to assume a long-term contract that may be less desirable than an owned system.
The property is noted as an opportunity for personalization and updating, suggesting that some interior finishes may be dated and require additional investment to modernize.
This spacious home offers a versatile floor plan with 4 bedrooms upstairs, despite public records reflecting 3, plus a generous downstairs den/office that can function as an additional room. The living room has been partially divided with a temporary wall, creating another flexible space to suit a variety of needs. The open-concept family room features a fireplace and flows seamlessly into the kitchen, creating an ideal layout for everyday living and entertaining. High ceilings and large windows throughout fill the home with natural light and enhance the sense of space. The property is in good condition and offers a solid opportunity for a buyer looking to personalize and update over time. Solar is installed through Vivint under a Power Purchase Agreement.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,526 | 1,641.5 | 88% |
| Lot Size | 6,652 | 7,065 | 29% |
| Price | $575.0K | $445.0K | 94% |
| Price per sq ft | $228 | $263 | 29% |
| Built year | 2004 | 1988 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 169 | 0% |
Jun 3, 2026
$575,000
Initial Listing
Mar 14, 2005
$319,500
Public Record