42450 2nd Street, Lancaster, California 93535, Lancaster, 93535 - 6 bed, 3 bath
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Lancaster, California 93535
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.
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.
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.
The property features four distinct structures, providing a rare and seamless opportunity to operate a business while residing on-site.
With over 55,000 sq ft of land, the lot offers ample space for maneuvering and storing big rigs, heavy equipment, and industrial materials.
The main home is a mobile home rather than a stick-built structure, which may impact certain financing options and long-term appreciation.
The fourth structure is an older body shop that requires significant renovation and investment to reach its full potential.
Currently operating as a construction site in a live-work area, the property lacks the curb appeal and quietude of a traditional residential neighborhood.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 1,920 | 1,622 | 68% |
| Lot Size | 55,258 | 7,091 | 94% |
| Price | $849.0K | $440.0K | 99% |
| Price per sq ft | $442 | $266 | 99% |
| Built year | 1979 | 1988 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 181 | 9% |
Feb 9, 2026
$849,000
Initial Listing
May 26, 2021
$250,000
Public Record