
Lancaster, California 93536
This Versatile Ranch-Style Income Property is listed at $475,000, representing a stable acquisition near its $443,912 Fair Market Value. Boasting a Good Condition Rating, the main residence is complemented by a brand-new, never-used Permitted ADU and a Converted Bonus Shed, providing significant rental upside or multi-generational utility. The property features a Granite Kitchen, updated electrical systems, and convenient proximity to Nancy Cory Elementary. This high-utility asset is an ideal match for Owner-Occupants seeking to offset mortgage costs or Buy-and-Hold Investors targeting a turnkey, dual-income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 43033 39th Street Subject | $475,000* List Price | 4 | 2 | 1,223 | $359 | - |
A 3521 W Avenue K13 Sold | $430,000 | 4 | 2 | 1,178 | $365 | 0.4 mi |
B 3021 Limewood Sold | $435,000 | 4 | 3 | 1,535 | $283 | 0.9 mi |
C 3124 Darkwood Street Sold | $460,000 | 4 | 2 | 1,587 | $290 | 0.8 mi |
D 42954 Lemonwood Drive Sold | $419,000 | 3 | 2 | 1,244 | $337 | 1.0 mi |
E 3607 W Avenue K11 Active | $420,000 List Price | 4 | 2 | 1,450 | $290 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a main house with periodic updates to the kitchen (granite countertops, stainless steel appliances) and bathroom. The inclusion of a brand-new, never-used permitted ADU with modern finishes, LVP flooring, and a split A/C system significantly boosts the overall quality. While the main home is a 1970 build with some older systems like a swamp cooler, the updated electrical, newer water heater, and overall clean condition meet the criteria for a 'Good' rating.
This well-maintained Ranch-style home offers a thoughtful blend of classic California design and flexible, modern living. Set on a generous lot, the single-level layout includes a primary residence along with a permitted ADU positioned at the front of the property. The main home features two bedrooms and one bathroom and has seen periodic updates over time, including updated electrical, a swamp cooler, ceiling fans, in-unit washer and dryer, and a newer water heater. It has been maintained and previously used as a rental, offering flexibility for both owner-occupants and investors. The newer and never been used ADU offers its own private entrance and dedicated outdoor space. Designed for comfortable, independent living, it includes a split A/C system, tankless water heater, washer/dryer hookup, and separate metering, well-suited for extended family, guests, or rental income. At the rear of the property, a converted bonus shed provides additional flexible space ideal for creative use, a home office, or recreation. Thoughtfully designed landscaping and rebuilt side boundary walls add privacy and visual appeal. The spacious backyard offers plenty of room to customize and shape a peaceful outdoor retreat. Conveniently located near local colleges and shopping, this property presents a rare opportunity to enjoy long-term versatility, income potential, and classic Ranch-style appeal in a practical, livable setting.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,223 | 1,974 | 7% |
| Lot Size | 6,665 | 9,341.5 | 12% |
| Price | $475.0K | $535.0K | 24% |
| Price per sq ft | $388 | $274 | 95% |
| Built year | 1970 | 1991 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 184 | 8% |
Feb 12, 2026
$475,000
Initial Listing
Dec 6, 2019
$215,000
Public Record
Jun 26, 2014
$121,000
Public Record
Jul 25, 2012
$73,000
Public Record
May 29, 2009
$45,000
Public Record
Apr 29, 2005
$180,000
Public Record