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43517 7th E, Lancaster, California 93535, Lancaster, 93535 - bed, bath

43517 7th E, Lancaster, California 93535 home-pic-0
ACTIVE UNDER CONTRACT$575,000
43517 7th E, Lancaster, California 93535
0Bed
0Bath
1,975Sqft
40,655Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income & Multi-Generational Potential: The property features two separate, individually metered residences (including water) with private entrances, driveways, and yard spaces, making it ideal for rental income, multi-generational living, or a live-work setup.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =40655, other record lot size in square feet = 20305.

Compared to the nearby listings

Price:$575.0K vs avg $540.0K (+$35,000)60%
Size:1,975 sqft vs avg 1,975 sqft50%
Price/sqft:$291 vs avg $28980%

More Insights

Built in 1943 (82 years old).
Condition: Built in 1943, this property is significantly aged. While it appears to be maintained and functional, the interior, particularly the kitchen and bathrooms, are very outdated. The kitchen features dated wood cabinets, laminate countertops, an older white range, and basic lighting. Bathrooms show basic, older fixtures and finishes. Cooling relies on window AC units, indicating a lack of modern central systems. Flooring is a mix of older carpet and newer laminate/LVP. The property is livable but requires substantial cosmetic and system updates to meet current standards and aesthetics, aligning with the 'Fair' category of being aged, maintained, but showing signs of being outdated and requiring updates.
Year Built
1943
Close
-
List price
$575K
Original List price
$575K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
PW25270050
Home ConditionFair
Features
Deck
Patio
View-

About this home

Two separate houses on nearly one acre of prime, gated land. Each house is individually metered (INCLUDING Water). Ideal for multi-generational and investment opportunity, rental income, or a combination of both. In addition, the property includes a separate, vacant lot with its own APN, offering exceptional potential. Combined, the two parcels total approximately 0.93 acres. The first residence features 2 bedrooms and 1 full bath, designed with comfort and privacy in mind. The second residence offers 2 bedrooms and 1.5 baths, making it ideal for guests, extended family, rental use, or a work-from-home setup. Both homes enjoy private entrances, separate driveways, garages, and individual front and rear yard spaces, providing true separation and convenience for occupants. Located just minutes off the freeway, on a nice, quiet, residential street, with walking distance to schools, restaurants, and shopping centers. Whether you’re searching for a turn-key investment, a multi-family living solution, or a future development opportunity, this property delivers unmatched flexibility and long-term potential. ***Some images have been virtually staged to better showcase the true potential of rooms and spaces in the home*** APNs included in sale: • 3126-004-043 (approximately 0.46-acre parcel with two residences) • 3126-004-044 (approximately 0.47-acre vacant lot)

Price History

Date
Event
Price
10/22/24
Sold
$494,500
04/01/16
Sold
$20,000
Condition Rating
Fair
Built in 1943, this property is significantly aged. While it appears to be maintained and functional, the interior, particularly the kitchen and bathrooms, are very outdated. The kitchen features dated wood cabinets, laminate countertops, an older white range, and basic lighting. Bathrooms show basic, older fixtures and finishes. Cooling relies on window AC units, indicating a lack of modern central systems. Flooring is a mix of older carpet and newer laminate/LVP. The property is livable but requires substantial cosmetic and system updates to meet current standards and aesthetics, aligning with the 'Fair' category of being aged, maintained, but showing signs of being outdated and requiring updates.
Pros & Cons

Pros

Income & Multi-Generational Potential: The property features two separate, individually metered residences (including water) with private entrances, driveways, and yard spaces, making it ideal for rental income, multi-generational living, or a live-work setup.
Significant Development Opportunity: Includes a separate, vacant 0.47-acre lot with its own APN, offering exceptional potential for future development, expansion, or increased property value.
Expansive Gated Land: Nearly one acre (0.93 acres combined) of prime, gated land provides ample space, privacy, and security, a rare find in residential areas.
Strategic Location: Conveniently located just minutes off the freeway, on a quiet residential street, and within walking distance to essential amenities like schools, restaurants, and shopping centers.
Versatile Use Cases: The unique configuration of two homes plus a vacant lot offers unmatched flexibility for various buyers, from investors seeking rental income to families desiring multi-unit living or future development.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =40655, other record lot size in square feet = 20305.
Advanced Age of Structures: Built in 1943, the residences are over 80 years old, potentially indicating a need for significant updates to systems (plumbing, electrical), structural repairs, or general modernization to meet contemporary standards.
Virtual Staging Implication: The disclosure of virtual staging suggests that the actual interior conditions may not be as aesthetically pleasing or updated as depicted, potentially requiring substantial buyer investment for renovations.
Absence of Desirable Views: The property explicitly states 'None' for views, which could be a deterrent for buyers prioritizing scenic surroundings or a premium outlook.

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