42735 2nd E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 1 bath
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Lancaster, California 93535
Analysis of 42735 2nd E, Lancaster, California 93535 is currently available with a list price of $377,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1953 (71 years old) with no evidence of major renovations. The interior shows dated finishes, DIY-style wall panels, and worn flooring. The listing explicitly mentions the need for TLC, indicating deferred maintenance and a need for a full rehab of systems and cosmetics to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21868, living area = 1100.
The rare LCM1½-B1 zoning provides unique flexibility for residential, business, or mixed-use opportunities, making it a standout for entrepreneurs and investors.
Situated on a massive 21,868 sqft lot, the property offers significant space for ADU development, equipment storage, or future structural expansions.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 759. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The home is noted as needing 'TLC,' suggesting deferred maintenance or outdated features that will require immediate capital investment after purchase.
A three-bedroom layout with only one bathroom may limit the property's appeal to modern families and could impact rental or resale value.
Hard to find LCM1½-B1 zoning! Opportunities like this don't come around often. This charming 3-bedroom, 1-bath home is comfortable as-is and just needs a little TLC to really shine. The unique zoning creates possibilities beyond the typical residential property, making it an excellent opportunity for homeowners, investors, or business-minded buyers. Buyers may also wish to explore the potential for an ADU or other future improvements (buyer to verify). Buyer to verify all permitted uses, zoning, development potential, and any ADU possibilities with the appropriate agency. If you've been searching for a property with possibilities beyond the ordinary, this one deserves a look.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,100 | 1,880 |
| Lot Size | 21,868 | 7,703 |
| Price | $377.0K | $474.8K |
| Price per sq ft | $343 | $271 |
| Built year | 1953 | 1990 |
| HOA | $0 | $140 |
| Days on market | 20 | 62 |
Jul 21, 2026
$377,000
$379,900
-1% Price Drop
Initial Listing
Jul 18, 2026
$379,900
$385,000
-1% Price Drop
Initial Listing
Jul 2, 2026
$385,000
Initial Listing