
Lancaster, California 93535
This Prime Investment Opportunity is listed at a List Price of $404,000, positioned well below the $412,991 Fair Market Value by 2%. This valuation gap offers $8,991 in Instant Equity. Featuring a Condition Rating of 3, the home includes vaulted ceilings, a stone fireplace, and a large fenced backyard with a built-in fire pit. Currently tenant-occupied with a reliable payment history, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2641 Peaceful Way Subject | $404,000* List Price | 4 | 2 | 1,357 | $304 | - |
A 43941 Maria Sold | $395,000 | 3 | 2 | 1,357 | $291 | 0.3 mi |
B 43938 Delgado Court Sold | $420,000 | 3 | 2 | 1,357 | $310 | 0.3 mi |
C 2852 San Ramon Sold | $400,000 | 3 | 2 | 1,357 | $295 | 0.3 mi |
D 3303 E Avenue K4 Sold | $425,000 | 4 | 2 | 1,521 | $279 | 0.8 mi |
E 3319 E Avenue K3 Sold | $410,000 | 3 | 2 | 1,065 | $385 | 0.8 mi |
F 44148 Dahlia Street Sold | $465,000 | 3 | 2 | 1,718 | $271 | 0.5 mi |
G 44510 Avenida Del Sol Sold | $435,000 | 3 | 3 | 1,528 | $285 | 1.0 mi |
H 1768 Mesa Sold | $495,000 | 4 | 3 | 1,738 | $285 | 0.9 mi |
I 43600 Santa Rosa Circle Active | $425,000 List Price | 4 | 2 | 1,634 | $260 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1989 (>30 years old), the property features a renovation within the 5-15 year range, including a kitchen with dark cabinetry and solid-surface countertops, plus modern tile flooring. The home is well-maintained, functional, and move-in ready, exceeding the 'Fair' criteria due to these updates.
The property features a large, fully fenced backyard complete with a massive covered patio and a built-in circular fire pit, providing an exceptional space for outdoor entertaining and relaxation.
High vaulted ceilings in both the living room and primary bedroom, paired with an open floor plan and a stone fireplace, create a bright and airy atmosphere that feels larger than its square footage.
The home is currently tenant-occupied with a reliable payment history, offering a turnkey opportunity for investors to generate immediate cash flow without the need for initial marketing or leasing.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6891, other record lot size in square feet = 6810. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With four bedrooms configured within 1,357 square feet, the individual room sizes and common living areas may feel somewhat compact for larger families or those seeking expansive interiors.
The current tenant occupancy may pose a challenge for owner-occupant buyers who require immediate possession or specific financing products that mandate primary residency within 60 days.
VAULTED CEILINGS & FIREPLACE - COVERED PATIO & FIRE PIT - MODERN TILED DINING AREA - LARGE FENCED BACKYARD - ATTACHED TWO-CAR GARAGE This single-story home features a bright, open floor plan with high vaulted ceilings and a cozy stone fireplace in the living room. Tile and carpet run throughout the living spaces, connecting directly to a dedicated dining area with modern floor tile. The functional kitchen includes dark cabinetry, solid-surface countertops, a tiled backsplash, and gas cooking. Down the hall, the primary bedroom stands out with vaulted ceilings and an overhead ceiling fan. Outside, the fully fenced backyard offers a huge covered patio for shade, an open grass lawn, and a built-in circular fire pit area perfect for evening gatherings. A wide concrete driveway and an attached two-car garage provide plenty of parking and storage space. This is a solid, honest property with plenty of room to relax and make it your own. Tenant-occupied. Current tenants paying on time ($1,850/mo). Tenants would like to stay but are willing to vacate at close of escrow. Come see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.9 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,357 | 1,831.274 |
| Lot Size | 6,891 | 7,654.687 |
| Price | $404.0K | $478.1K |
| Price per sq ft | $298 | $269 |
| Built year | 1989 | 1989 |
| HOA | $0 | $203 |
| Days on market | 7 | 62 |
Sep 2, 2026
$404,000
Initial Listing
Oct 14, 2009
$120,000
Public Record
Apr 2, 2009
$78,500
Public Record
Jan 26, 2007
$305,000
Public Record
Apr 19, 2001
$113,000
Public Record