114 W Lancaster Boulevard, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath
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Lancaster, California 93534
This High-Potential Dual-Dwelling Asset is listed at $439,900, representing a stable entry point for its $398,897 Fair Market Value when accounting for the unique multi-unit utility. Maintaining a Condition Rating of 4, the property offers value-add potential through modernization of the 1,500 sqft main home and versatile rear studio on an expansive 9,583 Sq Ft Lot. Its location within the Lancaster district, near the vibrant local scene, ensures consistent rental demand and long-term desirability. This is a high-potential acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile property with house-hacking potential.
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 | $266 | - |
A 45257 Date Sold | $395,000 | 3 | 2 | 1,441 | $274 | 1.0 mi |
B 44344 Elm Avenue Sold | $410,000 | 3 | 2 | 1,565 | $262 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
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 The kitchen features newer white shaker cabinets and laminate flooring, but the range is outdated, and countertops are basic.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 The cooling system (swamp cooler) is inefficient and outdated for the climate.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.
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.
The property features two distinct living spaces on one lot, offering excellent versatility for multi-generational living, rental income, or a dedicated guest suite.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,368 | 65% |
| Lot Size | 9,583 | 7,003 | 88% |
| Price | $439.9K | $400.0K | 73% |
| Price per sq ft | $293 | $295 | 50% |
| Built year | 1929 | 1956 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 134 | 166 | 39% |
Dec 9, 2025
$439,900
Initial Listing
Oct 31, 2022
$223,000
Public Record
Aug 20, 1999
$71,000
Public Record