1628 W Avenue K11, Lancaster, California 93534, Lancaster, 93534 - 3 bed, 2 bath
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Lancaster, California 93534
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well above the $400,420 Fair Market Value by -18%. While the home requires updates due to its Condition Rating of 4, the expansive 10,000 sqft lot offers significant ADU development potential. Featuring a patio and proximity to local schools, this asset balances suburban living with long-term growth. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage land value for future equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1628 W Avenue K11 Subject | $475,000* List Price | 3 | 2 | 1,200 | $334 | - |
A 1816 W Avenue K11 Sold | $390,000 | 3 | 2 | 1,134 | $344 | 0.3 mi |
B 43034 Weyand Court Sold | $500,000 | 3 | 2 | 1,134 | $441 | 0.1 mi |
C 1828 W Avenue K9 Sold | $435,000 | 3 | 2 | 1,023 | $425 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 38 years old (built 1986) and features a dated kitchen with original oak cabinetry, tile countertops, and a fluorescent light box. While the home appears well-maintained and functional with some newer stainless steel appliances, the core systems and finishes exceed the 20-year threshold and require cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10000, living area = 1200.
The 10,000 sqft lot is significantly larger than the area standard, providing ample space for outdoor living or the potential to build additional units (ADUs) to maximize property value.
The property presents a strong cash-flow opportunity, with the potential for rental income to exceed the combined costs of mortgage, taxes, and insurance.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10000, other record lot size in square feet = 9518. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1134.
With only 1,200 square feet for a three-bedroom layout, the interior may feel small for growing families or those requiring spacious common areas.
The local elementary, middle, and high schools are all rated 4/10, which may be a concern for buyers prioritizing high-performing educational districts.
This 3 bedroom 2 bathroom house with bigger than standard lot in LA area. House located in prime area of the city of Lancaster, which is about 40-45 minutes away from Downtown Los Angeles- Close enough, yet far from all LA’s crazy traffic and busy-noisy life. Great to raise a family, enjoy retirement or rent out for more than your mortgage, property tax and insurance cost together (great investment and opportunity to build one or two units on the backyard).
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,393 | 27% |
| Lot Size | 10,000 | 7,000 | 91% |
| Price | $475.0K | $410.0K | 75% |
| Price per sq ft | $396 | $292 | 95% |
| Built year | 1986 | 1957 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 144 | 1% |
May 25, 2026
$475,000
Initial Listing
Jun 24, 2021
$393,000
Public Record