223 E Avenue J8 Avenue, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
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Lancaster, California 93535
This property presents a High-Potential Investment Opportunity with a List Price of $330,000—positioned well below the $326,153 Fair Market Value by -1.2%. While the property carries a Fair Condition Rating due to the current non-paying tenant and lack of interior access, the 2025 remodel suggests potential for immediate rental readiness post-eviction. Located just 0.12 miles from Joshua Elementary, the home offers strong long-term rental demand. This is a specialized acquisition ideal for Buy-and-Hold Investors or experienced landlords prepared to navigate the California eviction process.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 E Avenue J8 Avenue Subject | $330,000* List Price | 3 | 2 | 1,212 | $269 | - |
A 44265 Foxton Avenue Sold | $261,800 | 3 | 1 | 1,088 | $241 | 0.4 mi |
B 646 E Nugent Sold | $340,000 | 4 | 2 | 1,227 | $277 | 0.9 mi |
C 43865 Gingham Sold | $402,000 | 3 | 2 | 1,234 | $326 | 0.3 mi |
D 44432 Stanridge Sold | $275,000 | 3 | 2 | 1,260 | $218 | 0.6 mi |
E 415 E Avenue J13 Sold | $400,000 | 4 | 2 | 1,230 | $325 | 0.4 mi |
F 1305 Avnue J3 Sold | $379,999 | 3 | 2 | 1,225 | $310 | 0.4 mi |
G 44504 Watford Avenue Sold | $370,000 | 3 | 2 | 1,390 | $266 | 0.8 mi |
H 44283 Raysack Avenue Sold | $385,000 | 4 | 2 | 1,282 | $300 | 0.5 mi |
I 44009 Stanridge Active Under Contract | $399,000 List Price | 4 | 2 | 1,165 | $342 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 and sold 'as-is' without interior inspection due to a non-paying tenant. Despite claims of a 2025 remodel, the inability to verify the state of the kitchen, baths, and systems, combined with the high risk of tenant-related neglect, classifies this as a rehab project.
The property was remodeled as recently as May 2025, suggesting that the interior finishes and core systems may be in superior condition compared to un-renovated homes of the same vintage.
Priced at $330,000 for a 3-bedroom, 2-bath detached residence, this property offers a significant entry-point discount for investors looking to build equity in the Lancaster area.
Located just 0.12 miles from Joshua Elementary, the home’s location provides high convenience for families, which is a strong driver for long-term rental demand and resale appeal.
The presence of a non-rent-paying tenant poses a substantial hurdle, requiring the buyer to assume the costs and time associated with a formal eviction process in California.
The 'as-is' sale without interior inspection rights creates high risk, as the buyer cannot verify the current state of the remodel or assess potential damages caused by the current occupant.
Hello investor, I own a property which has a non-rent paying tenant. This property is located in the city of Lancaster, 3 bedrooms two baths detached home. Sold as is without interior inspection. This property was remodeled prior to the current tenant move in 5/1/25 If you are interested please call me. The Asking price will be 335,000 buyer pay all closing cost. Seller select services.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,212 | 1,880 |
| Lot Size | 6,695 | 7,703 |
| Price | $330.0K | $474.8K |
| Price per sq ft | $272 | $271 |
| Built year | 1955 | 1990 |
| HOA | $0 | $140 |
| Days on market | 20 | 62 |
Jul 2, 2026
$330,000
Initial Listing
Oct 4, 2005
$268,000
Public Record
Sep 15, 2004
$210,000
Public Record
Jan 30, 1997
$57,000
Public Record
Jul 29, 1996
$30,000
Public Record