40525 166th E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
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Lancaster, California 93535
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $375,000—positioned well below the $379,000 Fair Market Value by 1%. This valuation gap offers $4,000 in Instant Equity. Featuring a Condition Rating of 3, the home includes a remodeled kitchen and updated electrical panel. The expansive 29,271 sqft lot provides significant development potential for an ADU or equestrian use. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40525 166th E Subject | $375,000* List Price | 3 | 2 | 1,264 | $300 | - |
A 40648 Fieldspring Sold | $360,026 | 3 | 2 | 1,025 | $351 | 0.2 mi |
B 40596 Fieldspring Sold | $390,000 | 3 | 2 | 1,240 | $315 | 0.2 mi |
C 40523 172nd E Sold | $415,000 | 3 | 2 | 1,322 | $314 | 0.5 mi |
D 40912 E 168th E Sold | $423,000 | 4 | 2 | 1,300 | $325 | 0.5 mi |
E 41043 Fieldspring Street Sold | $409,900 | 4 | 2 | 1,300 | $315 | 0.7 mi |
F 17365 Newmont Sold | $410,000 | 4 | 2 | 1,384 | $296 | 0.9 mi |
G 40985 174th E Sold | $385,000 | 2 | 2 | 1,200 | $321 | 1.0 mi |
H 41038 171st E Sold | $400,000 | 3 | 2 | 1,320 | $303 | 0.8 mi |
I 40525 166th E Active | $385,000 List Price | 3 | 2 | 1,264 | $305 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1969, the property has been recently remodeled with new laminate flooring, granite countertops, and white cabinetry. Key systems have been addressed, including an updated electrical panel and a newer 3.5-ton A/C unit, making the interior move-in ready and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29271, living area = 1264.
Sitting on over half an acre (29,271 sqft), the property offers significant space for an ADU, workshop, or equestrian use, providing excellent long-term value and expansion possibilities.
The home features a recently remodeled kitchen with granite countertops, white cabinetry, and stainless steel appliances, paired with an updated electrical panel for improved safety and modern appeal.
The newer 3.5-ton A/C unit is currently only connected to the living room, which may require additional ductwork or installation costs to provide consistent cooling throughout the entire home in the Lancaster heat.
The property is sold in 'as-is' condition and features a walled-off garage conversion, which may present challenges for buyers seeking traditional financing or those requiring a standard enclosed garage.
Fantastic opportunity for investors, first-time buyers, or anyone looking for space and future potential! This charming, recently remodeled 3-bedroom, 2-bath home with a bonus room sits on over half an acre in the heart of Lake Los Angeles—offering endless possibilities for expansion, additional units, or creating your own private retreat. The property features a massive backyard with room for: A second unit or ADU A garden or orchard Horses, animals, or recreational toys Custom outdoor living spaces Inside, the home opens to a spacious living room that flows into a large kitchen with white cabinetry, granite countertops, stainless steel double sink. The dining area offers a comfortable, bright and inviting area. A bonus room and the converted garage offer excellent potential for an ADU, guest suite, home office, or rental income. (Garage entrance is currently walled off.) Additional upgrades include Updated electrical panel Swamp cooler Newer 3.5-ton A/C unit (currently connected to the living room only) A separate 5-ton A/C unit is on the property and may be negotiated if the buyer wishes to keep it with such a large lot and flexible layout, this home is perfect for buyers who want space, privacy, and room to grow. Stop by today and make this home yours. Opportunities like this don’t last. Property to be sold in its current “AS IS, WHERE IS” condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,264 | 1,880 |
| Lot Size | 29,271 | 7,703 |
| Price | $375.0K | $474.8K |
| Price per sq ft | $297 | $271 |
| Built year | 1969 | 1990 |
| HOA | $0 | $140 |
| Days on market | 14 | 62 |
Jul 10, 2026
$375,000
Initial Listing
Jul 8, 2026
$379,000
Initial Listing
Feb 7, 2023
$10,000
Public Record
Aug 21, 2020
$260,000
Public Record
Aug 8, 2019
$172,500
Public Record
Feb 9, 2005
$179,000
Public Record
Sep 17, 2004
$165,000
Public Record