
Lancaster, California 93535
This Turnkey Investment Property is a Strong Value Opportunity, listed at $565,000—positioned above the $530,885 Fair Market Value. Despite the premium, the property features a Condition Rating of 2, boasting a July 2025 renovation and a new 2026 HVAC system. With $3,800 in monthly rental income and RV parking, this asset offers immediate cash flow and potential for an ADU addition. This is an ideal acquisition for Buy-and-Hold Investors seeking a stable, low-maintenance asset or Owner-Occupants planning for future occupancy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44531 Gillan Avenue Subject | $565,000* List Price | 5 | 3 | 2,289 | $232 | - |
A 1132 Morven Sold | $510,000 | 5 | 3 | 2,289 | $223 | 0.2 mi |
B 836 E Pillsbury Sold | $485,000 | 5 | 2 | 1,604 | $302 | 0.1 mi |
C 1311 Herzel Sold | $510,000 | 3 | 3 | 2,604 | $196 | 0.9 mi |
D 44715 E 5th Street E Sold | $420,000 | 4 | 2 | 1,858 | $226 | 0.6 mi |
E 1311 Camran Avenue Sold | $488,000 | 4 | 3 | 2,637 | $185 | 0.8 mi |
F 44633 Calston Sold | $449,000 | 4 | 2 | 1,813 | $248 | 0.3 mi |
G 44910 12th Street East Sold | $479,990 | 4 | 3 | 1,801 | $267 | 0.5 mi |
H 44506 Tabler Sold | $416,500 | 4 | 2 | 1,892 | $220 | 0.2 mi |
I 44520 Fenhold Active | $424,999 List Price | 4 | 3 | 2,043 | $208 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1970, the property underwent a full renovation in 2025 (less than 5 years ago), featuring a modern kitchen with shaker cabinets and stone countertops, completely updated bathrooms with contemporary tile and fixtures, and new flooring throughout. The installation of a new 5-ton HVAC system in 2026 ensures the systems are in mint condition, requiring no immediate maintenance.
The property underwent a full renovation in July 2025 and features a brand-new 5-ton central HVAC system installed in April 2026, offering buyers a move-in-ready home with significantly reduced immediate maintenance costs.
With a current rental income of $3,800 per month and a large lot that offers potential for an Accessory Dwelling Unit (ADU), this property serves as a high-yield asset for investors or a future multi-generational estate.
The 2,289 square foot floor plan includes five bedrooms, three full bathrooms, and a flexible upstairs loft, providing ample space and privacy for large families or those requiring a dedicated home office.
The property is tenant-occupied with a lease expiring in September 2026, which may be a drawback for buyers looking for an immediate primary residence.
While the interior is beautifully renovated, the 1970 build year means the underlying structural and utility components may still reflect the standards of an older era compared to modern new construction.
Beautifully Renovated 5-Bedroom Home with RV Parking, Large Backyard & Income Potential Move right into this beautifully renovated 5-bedroom, 3-bathroom home offering the perfect combination of modern style, spacious living, and excellent investment potential. Renovated in July 2025, this turnkey property is located in a quiet, established Lancaster neighborhood just minutes from shopping, dining, schools, parks, and everyday conveniences. The open-concept floor plan is enhanced by soaring ceilings that fill the home with natural light and create an inviting sense of space. The upgraded kitchen flows seamlessly into the living and dining areas, making it ideal for entertaining and everyday living. Upstairs, a spacious loft/den provides the flexibility for a family room, media room, home office, or playroom. Additional highlights include: • 5 spacious bedrooms and 3 full bathrooms • Recently renovated throughout (July 2025) • New 5-ton central HVAC system installed in April 2026 • Open-concept living and dining areas • High ceilings with abundant natural light • Versatile upstairs loft/den • Attached 2-car garage with direct access • RV parking • Expansive backyard with room to entertain, garden, or explore future possibilities The property is currently tenant-occupied, generating approximately $3,800 per month in rental income. The lease expires in September 2026, providing the next owner the flexibility to continue receiving rental income or occupy the home after the lease term. The generous lot may also offer the opportunity to add an Accessory Dwelling Unit (ADU), subject to City of Lancaster approval. Buyers are advised to verify all zoning, development potential, and permit requirements with the City. Whether you're searching for a spacious family home or a turnkey investment with immediate cash flow and future upside, this exceptional property delivers outstanding value. Don't miss this incredible opportunity to own a beautifully updated home with space, flexibility, and long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,289 | 1,880 |
| Lot Size | 7,165 | 7,703 |
| Price | $565.0K | $474.8K |
| Price per sq ft | $247 | $271 |
| Built year | 1970 | 1990 |
| HOA | $0 | $140 |
| Days on market | 3 | 62 |
Jul 19, 2026
$565,000
Initial Listing
Oct 31, 2024
$360,000
Public Record
Aug 28, 2001
$126,500
Public Record
Mar 31, 1995
$110,000
Public Record