1118 E Avenue J3, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 2 bath
ACTIVE$325,000
1118 E Avenue J3, Lancaster, California 93535
4Beds
2Baths
1,670Sqft
7,796Lot
Price Vs. Estimate
The estimated value ($348,985.595) is $23,985.595 (7%) higher than the list price ($325,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7796, living area = 1670.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7796, other record lot size in square feet = 8240. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1670, other record living area = 1619. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Compared to the nearby listings
Price:$325.0K vs avg $438.0K ($-113,000)7%
Size:1,670 sqft vs avg 1,580 sqft59%
Price/sqft:$195 vs avg $2698%
More Insights
Built in 1956 (69 years old).
Condition: Built in 1956, this property is explicitly marketed as a 'true fixer' requiring significant renovation. The images confirm this, showing a kitchen with outdated cabinets, appliances, and flooring, and bathrooms with very dated fixtures and finishes. Walls are patched and unpainted, and flooring is missing or damaged throughout. This property requires substantial repairs and rehabilitation to be livable and meet modern standards.
Year Built
1956
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$195
HOA
-
Days on market
-
Sold On
-
MLS number
GD25274418
Home ConditionPoor
Features
View-
About this home
Great opportunity for investors, flippers, or buyers looking for a project. This Lancaster property is a true fixer with plenty of potential for renovation and value-add improvements. Set on a spacious lot, the home offers a versatile layout ready to be reimagined to suit your needs. Conveniently located near schools, shopping, dining, and commuter routes, this property provides a solid foundation for those with vision. If you're ready to transform a home and create equity, this is the perfect canvas. Bring your tools and imagination—opportunities like this don’t come along often.
Price History
Date
Event
Price
05/26/17
Sold
$238,000
12/02/04
Sold
$220,000
06/19/02
Sold
$127,000
Condition Rating
Poor
Built in 1956, this property is explicitly marketed as a 'true fixer' requiring significant renovation. The images confirm this, showing a kitchen with outdated cabinets, appliances, and flooring, and bathrooms with very dated fixtures and finishes. Walls are patched and unpainted, and flooring is missing or damaged throughout. This property requires substantial repairs and rehabilitation to be livable and meet modern standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7796, living area = 1670.
High Investment Potential: Explicitly marketed as a prime opportunity for investors, flippers, or buyers seeking to add significant value and create equity through renovation.
Desirable Location: Conveniently situated near essential amenities including schools, shopping, dining, and major commuter routes, enhancing its appeal.
Spacious Lot: The property sits on a generous 7,796 sqft lot, offering ample outdoor space and potential for expansion or landscaping.
Versatile Layout: A 4-bedroom, 2-bathroom, 1670 sqft home provides a substantial and versatile layout, ready to be reimagined to suit various needs.
Solid Structural Basis: Described as having a 'solid foundation,' suggesting good underlying structure despite needing cosmetic or functional updates.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7796, other record lot size in square feet = 8240. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1670, other record living area = 1619. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Extensive Renovation Required: Explicitly described as a 'true fixer,' indicating the property requires significant and potentially costly renovation and modernization to meet current standards.
Outdated Systems/Structure: Built in 1956, the property is likely to have original or outdated systems (electrical, plumbing, HVAC) and structural components that will require inspection and potential replacement.
Significant Time and Financial Commitment: Transforming this property will demand a substantial investment of both time and capital from the buyer, which may deter those seeking a move-in ready home.