
Lancaster, California 93534
This Turnkey Multi-Generational Property is a High-Potential Investment Opportunity, listed at $489,990—positioned well below the $512,066 Fair Market Value by 4%. This valuation gap offers $22,076 in Instant Equity. Featuring a Mint Condition Rating with a fully independent ADU, this home provides immediate rental income potential or flexible living arrangements. With modern kitchen upgrades and a spacious 9,506 sqft lot, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready asset with significant long-term utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44503 Fern Avenue Subject | $479,990* List Price | 4 | 3 | 1,883 | $260 | - |
A 44651 Beech Avenue Sold | $465,000 | 4 | 3 | 1,727 | $269 | 0.4 mi |
B 44516 Fern Sold | $405,000 | 3 | 2 | 1,536 | $264 | 0.0 mi |
C 1103 W Avenue J10 Sold | $555,000 | 4 | 3 | 1,788 | $310 | 0.8 mi |
D 44417 12th Street W Sold | $435,000 | 4 | 2 | 1,859 | $234 | 0.5 mi |
E 1530 W Kildare Sold | $540,000 | 5 | 3 | 1,694 | $319 | 0.9 mi |
F 925 W Oldfield Street Sold | $399,990 | 3 | 1 | 1,286 | $311 | 0.2 mi |
G 521 W Avenue J14 Sold | $500,000 | 3 | 2 | 1,897 | $264 | 1.0 mi |
H 1346 W Ivyton Street Active | $415,000 List Price | 4 | 2 | 1,560 | $266 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1950 build date, the property has undergone an extensive recent renovation (within <5 years) featuring brand new flooring, interior paint, and appliances throughout. Both the main house and the ADU have updated kitchens with modern cabinetry and quartz countertops, and all bathrooms have been completely redone with new tile and vanities, meeting the criteria for mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9506, living area = 1883.
The property features a fully independent ADU with its own kitchen, laundry, and HVAC system, providing an excellent opportunity for rental income or multi-generational living.
Extensive recent upgrades include brand new interior paint, flooring throughout, and modernized kitchens with quartz countertops and stainless steel appliances, ensuring a move-in-ready experience.
Originally built in 1950, the property may possess aging underlying systems typical of mid-century homes that could require more maintenance than a newer construction.
The current list price of $489,990 is significantly lower than the 2024 sale price of $580,000, suggesting a sharp market correction or potential valuation challenges in the immediate area.
Beautiful move-in-ready property with brand new interior paint and brand new flooring throughout the entire house, plus a major standout feature: a full ADU with its own separate living space, bedroom, kitchen, laundry area, and bathroom. The ADU also has a private entrance and its own central heat and air, making it a great setup for extended family, guests, or potential rental income. The ADU has been updated with brand new interior paint, brand new flooring, and a brand new kitchen featuring new cabinets, new quartz countertops, new appliances, a new stainless steel sink, and a clean modern look throughout. The main house kitchen has also been updated with newer kitchen cabinets, newer countertops, a stainless steel sink, and brand new appliances, giving the home a fresh and functional feel. The entire property has brand new flooring throughout, creating a consistent updated look from room to room. Each bathroom has been updated with newer tile, newer vanities, and has been completely redone. The main house also features a laundry area, two living spaces including a living room and a family room, coffered ceilings with custom beams, a long driveway, and extra parking toward the front of the property. The property also sold for $580,000 in 2024, adding helpful context for buyers looking at this opportunity. The exterior offers plenty of usable space with a large backyard surrounded by block walls, giving you privacy and room to enjoy the outdoors. The backyard is spacious and has tons of potential for entertaining, relaxing, storage, or future outdoor improvements. Excellent location close to schools, shopping, and more, making this property convenient while still giving you the extra space and flexibility that is hard to find. Come see this property in person and take a look at everything it has to offer, especially the separate ADU setup that makes this one truly stand out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,883 | 1,880 |
| Lot Size | 9,506 | 7,703 |
| Price | $480.0K | $474.8K |
| Price per sq ft | $255 | $271 |
| Built year | 1950 | 1990 |
| HOA | $0 | $140 |
| Days on market | 6 | 62 |
Jul 18, 2026
$479,990
$489,990
-2% Price Drop
Initial Listing
Jul 16, 2026
$489,990
Initial Listing
Apr 29, 2024
$580,000
Public Record
Oct 17, 2023
$300,000
Public Record
Nov 23, 2015
$127,500
Public Record