1118 E Avenue K, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
1118 E Avenue K
Lancaster, California 93535
Property Price
SUMMARY
Analysis of 1118 E Avenue K, Lancaster, California 93535 reveals a property with a current list price of $450,000, which is 42% above the estimated $316,874 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1956, a significant portion of the home remains in its original condition, as evidenced by the highly dated kitchen with tiled countertops and backsplash, and the pink-tiled bathroom. While the roof and plumbing have been recently updated, the interior requires substantial rehabilitation, including a full kitchen and bathroom renovation, new flooring (worn carpets), and likely updates to electrical and other systems to meet modern standards. The property is functional but very outdated.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 16407, living area = 1724.
- Major System Upgrades
Recent roof replacement (3-5 years old) and full plumbing replacement to the street significantly reduce immediate capital expenditure for critical home systems.
- Flexible Living Space Potential
The converted garage, originally a sales office, offers substantial potential for an additional living area, home office, or other flexible use, enhancing the property's utility.
CONSRISKS & DEFICIENCIES
- Extensive Original Condition
A significant portion of the home remains in its original 1956 condition, indicating a need for substantial interior updates and renovations to modernize aesthetics and functionality.
- Absence of Traditional Garage
The original garage was converted and never restored, meaning the property lacks a conventional enclosed garage for vehicle parking or dedicated storage.
- Age-Related Maintenance
As a 1956 build, the property may present ongoing maintenance challenges typical of older homes, potentially including outdated electrical, windows, or insulation, despite recent major system upgrades.
About 1118 E Avenue K
Only 2 owners and the current owner has been in this home for almost 50 years! The garage area was converted/used by the original builder as the sales office and display area and was never converted back to a garage. Tons of potential for an extra living area! Although quite a bit of the home is original, there is a newer roof- approx. 3-5 years old and the plumbing all the way to the street was replaced. The living room has a cozy fireplace and newer laminate flooring. There is an ample sized back yard for pets or gardening plus sheds. Close to shopping and an easy commute to the 14.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 16,407 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,724 | 1,639.5 | 58% |
| Lot Size | 16,407 | 7,081.5 | 86% |
| Price | $450.0K | $441.8K | 52% |
| Price per sq ft | $261 | $265 | 47% |
| Built year | 1956 | 1988 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 178 | 1% |
Pricing History
Listed for Sale
Jan 26, 2026
$450,000
Initial Listing