
Lancaster, California 93535
This Condominium represents a High-Potential Investment Opportunity, listed at $199,000—positioned well below the $194,601 Fair Market Value by -2%. While the property is in Fair Condition Rating, its strategic location near major aerospace employers and retail hubs provides strong rental demand. The unit features a private patio, community pool, and spa, offering significant lifestyle utility. With its competitive price point and functional layout, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an entry-level property with value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1840 E Avenue J2 7 Subject | $189,000* List Price | 1 | 2 | 900 | $210 | - |
A 44460 15th Street E 13 Sold | $227,000 | 2 | 2 | 1,056 | $215 | 0.5 mi |
B 44526 15th Street E 4 Sold | $235,200 | 2 | 2 | 1,056 | $223 | 0.6 mi |
C 44532 15th E 5 Active | $239,000 List Price | 2 | 2 | 1,056 | $226 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property is significantly dated with original-style dark carpeting, vertical blinds, and older light fixtures. While the description notes it is well-maintained and functional, the lack of modern renovations to the kitchen and bathrooms, combined with the age of the exterior HVAC unit, places it in the fair category requiring cosmetic updates.
The strategic conversion of the loft into a functional second bedroom significantly increases the home's utility and marketability, offering one of the most competitive price points in the Antelope Valley.
Situated in a secure gated community with night patrols, the property is ideally located within walking distance of major retail hubs and minutes from key aerospace employers like Northrop-Grumman and Lockheed-Martin.
The community offers a robust amenity package including a pool, spa, and tennis courts, while the unit itself features desirable upgrades like an insulated garage door, vaulted ceilings, and a private patio.
The $480 monthly association fee is relatively high compared to the listing price, which may impact the debt-to-income ratio for budget-conscious buyers.
With only 900 square feet of living space and a single-car garage, the property offers limited capacity for larger households or those requiring significant storage and parking.
RARE OPPORTUNITY - One bedroom, two bath, with an office that can be used as a bedroom. The office has a door, a closet and a skylight. A must see home. Located in a gated community, within walking distance to restaurants, supermarkets (Stater Bros and WalMart), other shopping, pizza shops, and several fast food options. This condo in Desert Hills includes a well maintained community pool, a relaxing spa, and tennis courts. The condo has an attached one-car garage with space for a washer and dryer and plenty of additional storage space in the garage. The four section roll-up garage door is well insulated to keep the outside heat or cold out while keeping the inside nice and quiet. The kitchen is efficient with a stove/oven and an over the range microwave and a refrigerator. There's a dining area with an overhead lamp between the kitchen and the living room. The living room has a vaulted ceiling, a gas or wood fireplace, and a large patio door that opens to the private patio. The patio has some planters with some rose bushes and room for adding more plants. There is a half bath downstairs with a hand sink. Upstairs, there's a full bathroom with a tub and sliding glass doors between the two bedrooms. One bedroom has a skylight to let natural light in and there's a larger master bedroom with a spacious walk-in closet. There are Decora light switches and outlets throughout the condo and LED lights in most fixtures to save energy and last longer. The front door has a metal security door to facilitate letting fresh air through an open and secure entryway. Trash pick-up and water usage is included in this complex. The landscaping is meticulously maintained and security patrols come around between 6 PM and 6 AM. The complex is situated with easy access to USAF Plant 42 (minutes from where Northrop-Grumman and Lockheed-Martin are located), as well as Edwards AFB (around 30 minutes through the South Gate). This condo offers lots of amenities and conveniences for one of the lowest prices in the entire Antelope Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.2 |
| Baths | 2.0 | 2.0 |
| Square foot | 900 | 1,107.8 |
| Lot Size | - | 125,276.25 |
| Price | $189.0K | $297.5K |
| Price per sq ft | $210 | $237 |
| Built year | 1989 | 1988 |
| HOA | $480.0 | $379 |
| Days on market | 120 | 77 |
Aug 20, 2026
$189,000
$199,000
-5% Price Drop
Initial Listing
Jul 22, 2026
$199,000
$209,000
-5% Price Drop
Initial Listing
Jun 26, 2026
$209,000
$219,000
-5% Price Drop
Initial Listing
Jun 7, 2026
$219,000
$229,000
-4% Price Drop
Initial Listing
May 12, 2026
$229,000
Initial Listing
Feb 9, 2016
$87,000
Public Record