40525 166th E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath

40525 166th E
Lancaster, California 93535
Property Price
SUMMARY
Analysis of 40525 166th E, Lancaster, California 93535 reveals a property with a current list price of $395,000, which is 6% above the estimated $369,134 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40525 166th E Subject | $395,000* List Price | 3 | 2 | 1,264 | $292 | - |
A 41043 Fieldspring Street Sold | $409,900 | 4 | 2 | 1,300 | $315 | 0.8 mi |
B 16117 Sweetaire Avenue Sold | $364,000 | 3 | 2 | 1,384 | $263 | 0.6 mi |
C 40661 169th Street E Sold | $415,000 | 3 | 2 | 1,324 | $313 | 0.4 mi |
D 40648 Fieldspring Active | $379,900 List Price | 3 | 2 | 1,025 | $371 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1969, this property shows a mix of updates and dated features. The kitchen has been upgraded with white cabinets, granite countertops, and a stainless steel sink, and one bathroom features modern shower tile. The electrical panel is also upgraded. However, the property is sold 'AS IS, WHERE IS,' and two newer A/C units are present but require connection, indicating incomplete work and potential additional costs. The carpet in the living areas appears worn, and other elements of the home are consistent with its age, preventing it from being classified as 'Good' despite the partial renovations.
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 = 29271, living area = 1264.
- Expansive Lot & Development Potential
The property sits on over half an acre (29,271 sqft), offering significant space for expansion, gardening, or accommodating animals, enhancing its long-term value and versatility.
- ADU Conversion Ready
The garage and bonus room present clear opportunities for conversion into an Accessory Dwelling Unit (ADU) or guesthouse, providing potential rental income or multi-generational living options.
CONSRISKS & DEFICIENCIES
- "As-Is" Sale Condition
The property is explicitly sold "AS IS, WHERE IS" with no warranties or guarantees, placing the burden of any necessary repairs or unforeseen issues entirely on the buyer.
- Incomplete A/C Installation
While two newer A/C units are present, they require connection to the main house and garage, indicating an additional cost and project for the buyer to ensure full climate control.
- Extensive Buyer Due Diligence Required
The seller's comprehensive disclaimer regarding property condition, permits, and square footage necessitates thorough independent verification by the buyer, potentially incurring additional inspection and research costs.
About 40525 166th E
Great opportunity for investors with tenant in place or first-time buyers. This Adorable 3-bedroom 2-bath plus bonus room Lake Los Angeles home sits on more than half an acre of land with so much upside potential. Spacious backyard has definitive opportunities, perfect for building another unit or adding your own unique touches such as a garden or great for horses and animals. The home opens into a large living room, leads to the kitchen with eat-in dining area have been upgraded to white cabinets with granite counter-tops, stainless steel double sink. The garage and the bonus room can be converted to an ADU /guesthouse for additional family members or potential rental property. Two newer A/C units that need to be connected to the main house and the existing garage. Upgraded electrical panel. Stop by today and make this home yours. Will not last! Property to be sold in its current “AS IS, WHERE IS” condition with no warranties, guarantees, repairs, or credits. All information provided is deemed reliable but not guaranteed. Seller, Seller’s Agent, and Seller’s Broker make no representations or warranties regarding square footage, condition, permits, or any other aspects of the property. Buyers and Buyer’s Broker are advised to independently verify all information through licensed professionals to satisfy themselves fully. Seller, Seller’s Agent, and Seller’s Broker shall be held harmless from any and all liabilities, whether stated or implied.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 29,271 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,264 | 1,633.5 | 17% |
| Lot Size | 29,271 | 7,081.5 | 87% |
| Price | $395.0K | $440.0K | 23% |
| Price per sq ft | $312 | $266 | 79% |
| Built year | 1969 | 1988 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 178 | 3% |
Pricing History
Listed for Sale
Jan 15, 2026
$395,000
Initial Listing
Sold
Feb 7, 2023
$10,000
Public Record
Sold
Aug 21, 2020
$260,000
Public Record
Sold
Aug 8, 2019
$172,500
Public Record
Sold
Feb 9, 2005
$179,000
Public Record
Sold
Sep 17, 2004
$165,000
Public Record





























