1850 Katee Lane, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 1 bath
1850 Katee Lane
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 1850 Katee Lane, Palmdale, California 93550 is currently available with a list price of $950,000. 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 Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1939, this 384 sq. ft. home is extremely dated. The kitchen features painted, worn cabinets, old laminate countertops, and very dated tile flooring. The bathroom has a basic pedestal sink and an old-style shower with frosted, etched glass doors and dated tiles. While described as 'functional,' the property's advanced age and lack of significant modern renovations mean it requires substantial repairs and rehabilitation to meet contemporary living standards. The value is clearly in the 23 acres of land, not the existing structure.
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 = 566280, living area = 384.
- Vast Land & Development Potential
The property encompasses 23 acres of mostly undeveloped land, offering immense potential for expansion, new construction, or various land uses, making it a significant asset for future development or personal estate.
- Panoramic Valley Views
Boasting spectacular, panoramic views of the Antelope Valley, the property's aesthetic appeal and potential market value are significantly enhanced by its scenic surroundings.
CONSRISKS & DEFICIENCIES
- Minimal Existing Dwelling Size
The current home is exceptionally small at only 384 sq ft, which may not meet the needs of most buyers and limits immediate comfortable living space, suggesting it's more of a placeholder than a primary residence.
- Advanced Age of Structure
Built in 1939, the existing residence is very old, likely requiring substantial renovation, modernization, or even replacement to meet contemporary living standards and safety codes.
- High Investment for Habitable Space
The significant list price of $950,000, primarily driven by the land value, implies a substantial additional investment would be required to develop a larger, more modern, and comfortable living space suitable for most families.
About 1850 Katee Lane
**Unbeatable Location with Endless Potential!** Seize the chance to own 23 acres of mostly undeveloped land, offering spectacular views of the Antelope Valley! The property includes a cozy 384 sq. ft. home on a raised foundation that feels larger than its size suggests. Inside, you'll find 2 bedrooms, 1 bath, a functional kitchen, laundry area, and a versatile room currently used as an office. With its own well and septic system, this property is a rare find. Perfect for commuters, it's just minutes from the 14 Freeway and Highway 138, with shopping, schools, and hospitals conveniently nearby. Explore the possibilities and make this unique property your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 566,280 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 384 | 1,519 | 1% |
| Lot Size | 566,280 | 7,176.5 | 97% |
| Price | $950.0K | $455.0K | 99% |
| Price per sq ft | $2.5K | $300 | 99% |
| Built year | 1939 | 1985 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 409 | 191 | 0% |
Pricing History
Listed for Sale
Jan 21, 2025
$950,000
Initial Listing