44641 5th St E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
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Lancaster, California 93535
This Renovated Income-Producing Residence is a Prime Investment Opportunity listed at $450,000—positioned well below the $467,922 Fair Market Value by 3%. This valuation gap offers $17,922 in Instant Equity. Boasting a Condition Rating of 2, the property features a modernized interior with LVP flooring and a separate 1-bedroom ADU for significant rental upside. Located near El Dorado Elementary with mountain views, this turnkey asset perfectly balances financial growth with residential comfort. It is an ideal match for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44641 5th St E Subject | $450,000* List Price | 3 | 2 | 1,592 | $294 | - |
A 520 E Norberry Sold | $382,000 | 3 | 2 | 1,452 | $263 | 0.1 mi |
B 43919 Kirkland Sold | $395,000 | 3 | 2 | 1,289 | $306 | 1.0 mi |
C 333 E Kildare Sold | $402,000 | 4 | 2 | 1,485 | $271 | 0.4 mi |
D 321 E Avenue J8 Sold | $350,000 | 4 | 2 | 1,496 | $234 | 0.9 mi |
E 44727 Andale Sold | $399,000 | 4 | 2 | 1,227 | $325 | 0.2 mi |
F 1027 Landsford Street Sold | $448,000 | 3 | 2 | 1,449 | $309 | 0.6 mi |
G 44714 2nd E Active | $417,000 List Price | 3 | 2 | 1,617 | $258 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1955 build date, the property has undergone a comprehensive recent renovation (likely <5 years). The interior features modern LVP flooring, recessed lighting, updated bathrooms with new vanities, and a refreshed kitchen with new countertops and painted cabinetry, making it move-in ready with no immediate maintenance required.
The inclusion of a separate 1-bedroom, 1-bathroom ADU provides exceptional versatility for rental income, guest housing, or multi-generational living.
The main residence features a well-proportioned 3-bedroom, 2-bathroom floor plan with a seamless flow and abundant natural light, ideal for modern family living.
Situated within walking distance to El Dorado Elementary and close to commuter routes and shopping, the property offers high convenience for residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1592, other record living area = 1192.
The assigned middle and high schools carry lower academic ratings, which may impact the property's appeal to education-focused families.
Built in 1955, the property may require more frequent maintenance or updates to its aging infrastructure compared to newer developments in the area.
Welcome to this versatile property in the city of Lancaster offering both comfortable living and strong income potential! The main home features 3 bedrooms and 2 bathrooms with a functional floor plan, spacious living areas, and a seamless flow between the kitchen, dining, and living spaces. Abundant natural light and well-sized bedrooms make the home ideal for family living, guests, or a home office setup. A standout feature is the separate 1 bed, 1 bath ADU, providing excellent flexibility for multi-generational living, extended guests, or additional rental income potential. The ADU adds meaningful value and versatility to the property. Situated on a generously sized lot, the exterior offers space for outdoor entertaining, gardening, or future customization. Additional highlights include off-street parking and a layout that supports privacy between the main residence and ADU. Conveniently located near schools, parks, shopping, and commuter routes, this property is an excellent opportunity for both homeowners and investors looking to maximize use and income potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,592 | 1,605 | 49% |
| Lot Size | 6,806 | 7,084 | 38% |
| Price | $450.0K | $440.0K | 53% |
| Price per sq ft | $283 | $266 | 60% |
| Built year | 1955 | 1988 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 181 | 0% |
Apr 16, 2026
$450,000
Initial Listing
May 1, 2024
$580,000
Public Record
Feb 21, 2024
$320,000
Public Record