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3005 Minford Street, Lancaster, California 93536, Lancaster, 93536 - 6 bed, 2 bath

3005 Minford Street, Lancaster, California 93536 home-pic-0

Price Vs. Estimate

The estimated value ($616,081.75) is $18,918.25 (2%) lower than the list price ($635,000). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile Investment Opportunity: The property offers significant flexibility, being fully equipped and designed to operate as a 6-bed Assisted Living Facility, or easily convertible into a spacious family home suitable for multi-generational living.
Top Cons:
Additional Licensing Costs: While designed for assisted living, reactivating the facility's license will incur additional costs, which could be a barrier for potential operators.

Compared to the nearby listings

Price:$635.0K vs avg $550.0K (+$85,000)81%
Size:2,736 sqft vs avg 2,140 sqft81%
Price/sqft:$232 vs avg $26330%

More Insights

Built in 2005 (21 years old).
Condition: Built in 2005, this property falls within the 10-20 year age range for a 'Good' rating. It is move-in ready with recent updates including new paint and updated flooring in common areas and bedrooms. While the kitchen features older white appliances and dated tile countertops/backsplash, they are functional and clean. The custom wheelchair-accessible bathroom is well-maintained and serves its specialized purpose effectively. Overall, the home shows minimal wear and tear, and major systems appear functional, supported by the inclusion of a Generac generator.
Year Built
2005
Close
-
List price
$635K
Original List price
$675K
Price/Sqft
$232
HOA
-
Days on market
-
Sold On
-
MLS number
SR25199084
Home ConditionGood
Features
Patio
View-

About this home

Recently Updated Home, NEW Paint. This 6-Bed Assisted Living Facility is a Versatile Opportunity for its Next Owner. Designed for Comfort & Functionality, the Property Includes a Dedicated Nurse's Station, Full Kitchen, & a Custom Wheelchair-Accessible Bathroom. One of the Spacious Rooms Features a Cozy Fireplace, creating a Warm & Inviting Atmosphere. The Backyard is Fully Concreted for Easy Maintenance, & the Wide Driveway Offers Plenty of Parking for Staff, Visitors, or Residents. Additionally, the Home is Equipped with a Generac Generator, Ensuring Reliable Backup Power when Needed. The Facility's License can be Reactivated for Those Looking to Operate an Assisted Living Business, though additional Costs Apply. Assisted Living Facilities Offer a Home-Like Environment with Personalized Care, Medication Management, & Daily Assistance, Making this an Excellent Investment for an Operator. Alternatively, this Property can also be Converted into a Spacious Family Home, Offering Multiple Bedrooms, Ample Parking, & Accessibility Features that Cater to Multigenerational Living.

C
Christie Limpus
Listing Agent

Nearby schools

3/10
West Wind Elementary School
Public,•K-5•1.0mi
4/10
Monte Vista Elementary School
Public,•K-5•1.8mi
3/10
Sunnydale Elementary School
Public,•K-6•1.9mi
4/10
Amargosa Creek Middle School
Public,•6-8•0.5mi
4/10
Lancaster High School
Public,•9-12•0.2mi
Condition Rating
Good
Built in 2005, this property falls within the 10-20 year age range for a 'Good' rating. It is move-in ready with recent updates including new paint and updated flooring in common areas and bedrooms. While the kitchen features older white appliances and dated tile countertops/backsplash, they are functional and clean. The custom wheelchair-accessible bathroom is well-maintained and serves its specialized purpose effectively. Overall, the home shows minimal wear and tear, and major systems appear functional, supported by the inclusion of a Generac generator.
Pros & Cons

Pros

Cons

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