43029 7th Street E, Lancaster, California 93535, Lancaster, 93535 - 1 bed, 1 bath
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Lancaster, California 93535
Analysis of 43029 7th Street E, Lancaster, California 93535 is currently available with a list price of $319,999. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 land value only, full reconstruction required.
The property was built in 1946, making the existing structure over 75 years old. The MLS description and property analysis explicitly state that the existing 480 sq ft structure is 'very old and likely requires extensive renovation or demolition' and that the property's value lies in its 'development potential' on the large lot. The provided images show dilapidated outbuildings, not a habitable home, and there are no interior photos of a kitchen or bathroom, strongly suggesting the existing structure is unlivable or not intended for habitation in its current state. The property's value is clearly based solely on the land and its potential for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20176, living area = 480.
The property comes with completed plans and engineering, significantly reducing development time and effort for investors.
An expansive 20,170 sq ft lot provides ample space for multi-unit development or expansion.
The property was recently sold within the past year on 2025-02-26. The sold price is $270,000.00.
Built in 1946, the existing 480 sq ft home is very old and likely requires extensive renovation or demolition for new development.
The current 1-bedroom, 1-bathroom home is only 480 sq ft, limiting its immediate utility as a primary residence and primarily serving as a temporary or rental unit during development.
Opportunity knocks with this unique investment property offering tremendous upside in a rapidly growing pocket of Lancaster. Set on an expansive 20,170 sq ft lot, this site comes with completed plans and engineering, saving valuable time and clearing the path for development. The existing structure features a 1-bedroom, 1-bathroom home approximately 480 sq ft, ideal as a rental, temporary living unit, or to be incorporated into a larger development plan. With utilities conveniently nearby and flexible layout potential, the lot is perfectly positioned for a multi-unit income-producing setup. The surrounding neighborhood supports both strong rental demand and resale value, making this a prime opportunity for builders, developers, or value-add investors looking to maximize returns. Whether you're planning to build out a multi-unit cash flow property, expand on the existing footprint, or hold for long-term appreciation, this is a standout investment in a high-growth market. A rare chance to step into a project with the heavy lifting already done — just bring your vision and execute.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 1% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 480 | 1,605 | 0% |
| Lot Size | 20,176 | 7,088 | 84% |
| Price | $320.0K | $440.0K | 7% |
| Price per sq ft | $667 | $266 | 99% |
| Built year | 1946 | 1988 | 0% |
| HOA | $0 | $0 | 50% |
| Days on market | 166 | 181 | 43% |
Nov 7, 2025
$319,999
Initial Listing
Feb 26, 2025
$270,000
Public Record
Nov 27, 2023
$200,000
Public Record