114 W Lancaster Boulevard, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath
114 W Lancaster Boulevard
Lancaster, California 93534
Property Price
SUMMARY
Analysis of 114 W Lancaster Boulevard, Lancaster, California 93534 reveals a property with a current list price of $439,900, which is 4% above the estimated $419,633 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 114 W Lancaster Boulevard Subject | $439,900* List Price | 4 | 2 | 1,500 | $280 | - |
A 44344 Elm Avenue Sold | $410,000 | 3 | 2 | 1,565 | $262 | 0.9 mi |
B 45327 Elm Avenue Sold | $450,000 | 3 | 2 | 1,441 | $312 | 0.9 mi |
C 44632 Fern Avenue Active | $479,000 List Price | 4 | 2 | 1,700 | $282 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1929, this property shows its age but has received some partial updates. The kitchen features newer white shaker cabinets and laminate flooring, but the range is outdated, and countertops are basic. Bathrooms are functional but basic with pedestal sinks and older-style tiling. Bedrooms have worn carpets. The cooling system (swamp cooler) is inefficient and outdated for the climate. While some elements are maintained, the property requires minor updates to modernize and improve comfort, and the unpermitted rear unit presents a significant concern, aligning with a 'fair' condition.
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 = 9583, living area = 1500.
- Dual Dwelling Configuration
The property features two distinct living spaces on one lot, offering excellent versatility for multi-generational living, rental income, or a dedicated guest suite.
- Flexible Auxiliary Unit
The rear unit, complete with a bathroom and kitchen sink, provides significant flexibility for use as an office, studio, additional bedroom, or storage, enhancing the property's utility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9583, other record lot size in square feet = 9421. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Unpermitted Rear Unit
The auxiliary unit's unpermitted status presents potential legal and financial risks, including challenges with financing, insurance, or future resale, and may require costly legalization.
- Suboptimal Cooling System
The property relies on a swamp cooler for cooling, which is generally less efficient and effective than central air conditioning, especially in Lancaster's hot climate.
About 114 W Lancaster Boulevard
This versatile property features two homes on one lot, offering endless possibilities for investors or large households. The main residence provides approximately 1,500 square feet of comfortable living space with four well-sized bedrooms, two bathrooms, an indoor washer and dryer, a swamp cooler, and central heat. The rear unit, though unpermitted, adds exceptional flexibility and can function as an office, studio, storage area, or even an additional bedroom, complete with its own bathroom and kitchen sink. Enjoy the convenience of alley access and the benefit of being just blocks away from restaurants, coffee shops, and the vibrant local scene, making this an ideal opportunity for those seeking both practicality and potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,387 | 60% |
| Lot Size | 9,583 | 6,995 | 88% |
| Price | $439.9K | $410.0K | 66% |
| Price per sq ft | $293 | $296 | 49% |
| Built year | 1929 | 1957 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 87 | 194 | 15% |
Pricing History
Listed for Sale
Dec 9, 2025
$439,900
Initial Listing
Sold
Oct 31, 2022
$223,000
Public Record
Sold
Aug 20, 1999
$71,000
Public Record