42450 2nd Street, Lancaster, California 93535, Lancaster, 93535 - 6 bed, 3 bath

42450 2nd Street, Lancaster, California 93535 home-pic-0

42450 2nd Street

Lancaster, California 93535

ACTIVE
CONDITION: GOOD
6Beds
3Baths
1,920Sq Ft
55,258Lot Size

Property Price

LIST PRICE$849,000

SUMMARY

Analysis of 42450 2nd Street, Lancaster, California 93535 is currently available with a list price of $849,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The main residence and office building have been extensively renovated with modern finishes, including new vinyl plank flooring, updated kitchens with stainless steel appliances, and contemporary bathroom vanities and tiling. While the property was built in 1979, the primary living and working structures are move-in ready with recent upgrades to windows and fixtures. The overall score is categorized as 'good' rather than 'excellent' because the fourth structure requires significant renovation and the lot is currently an active construction site.

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 = 55258, living area = 1920.

  • Versatile Live/Work Potential

    The property features four distinct structures, providing a rare and seamless opportunity to operate a business while residing on-site.

  • Expansive Lot and Storage

    With over 55,000 sq ft of land, the lot offers ample space for maneuvering and storing big rigs, heavy equipment, and industrial materials.

CONSRISKS & DEFICIENCIES

  • Non-Traditional Primary Residence

    The main home is a mobile home rather than a stick-built structure, which may impact certain financing options and long-term appreciation.

  • Renovation Requirements

    The fourth structure is an older body shop that requires significant renovation and investment to reach its full potential.

  • Industrial Aesthetic

    Currently operating as a construction site in a live-work area, the property lacks the curb appeal and quietude of a traditional residential neighborhood.

About 42450 2nd Street

Rare live work opportunity on an expansive 55,258 sq ft lot with four separate structures and multiple septic systems including two with the possibility of a third. The main residence is a fully remodeled 3 bedroom 1 bath mobile home featuring vinyl flooring, new windows, updated appliances, and in unit washer and dryer. The second structure is a massive shop with soaring ceilings nearly two stories tall, ideal for large vehicles, equipment, or creative use. Attached is a secure studio space with its own bathroom and kitchenette. The third structure is a dedicated office building with a large open living or work area, kitchen, and two separate private offices, all with brand new windows. The fourth structure is an older body shop with strong potential for renovation and customization. Property offers ample space for big rigs, heavy equipment, and storage. Ideal for an end user looking to live on site while operating a business on the property. Many surrounding properties are used in a similar live work fashion. Currently operating as a construction site.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1979
Lot Size
55,258 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
3 (3 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.04.0
98%
Baths3.02.0
66%
Square foot1,9201,639.5
70%
Lot Size55,2587,081.5
95%
Price$849.0K$441.8K
99%
Price per sq ft$442$266
99%
Built year19791988
31%
HOA$0$0
50%
Days on market25178
1%

Pricing History

Listed for Sale

Feb 9, 2026

$849,000

Initial Listing

Sold

May 26, 2021

$250,000

Public Record

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