44853 5th Street E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
44853 5th Street E
Lancaster, California 93535
Property Price
SUMMARY
Analysis of 44853 5th Street E, Lancaster, California 93535 reveals a Prime Investment Opportunity with a current list price of $368,500—significantly undercutting the $386,873 Fair Market Value by 4%. This valuation gap indicates a +$18,373 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44853 5th Street E Subject | $368,500* List Price | 3 | 2 | 1,336 | $290 | - |
A 44961 E 5th St E Sold | $292,000 | 4 | 2 | 1,248 | $234 | 0.1 mi |
B 506 E Lingard Street Sold | $410,000 | 4 | 2 | 1,227 | $334 | 0.2 mi |
C 467 E Lingard Sold | $404,900 | 4 | 2 | 1,590 | $255 | 0.1 mi |
D 44440 Hanstead Sold | $385,000 | 5 | 2 | 1,604 | $240 | 0.7 mi |
E 45431 Sancroft Avenue Sold | $430,000 | 4 | 2 | 1,425 | $302 | 0.7 mi |
F 423 Landsford Street Active Under Contract | $349,000 List Price | 4 | 2 | 1,426 | $245 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1957, this property is aged and shows signs of wear, particularly with the cracked driveway and potentially dated exterior paint. While described as having a 'functional kitchen' and 'comfortable living space,' the listing's own analysis indicates that 'Age-Related Maintenance/Updates' are likely needed for systems and cosmetic renovations. This aligns with the 'Fair' category, suggesting the home is maintained but requires minor updates and repairs to modernize and address deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Approved Short Sale Value
The property is an approved short sale at a specific price, potentially offering a competitive acquisition cost and a more streamlined process than unapproved short sales.
- Versatile Floor Plan
Features 3 bedrooms, 2 bathrooms, and an additional spare room, providing flexible space for a home office, guest room, or extra storage, catering to diverse needs.
- Expansive Outdoor Potential
Boasts a generous 6,935 sq ft lot with ample front and backyard space, offering significant potential for landscaping, outdoor living, or future property enhancements.
CONSRISKS & DEFICIENCIES
- Short Sale Transaction Risks
As an approved short sale, the transaction may still entail a more complex process, potential delays, and specific lender conditions that could impact closing timelines.
- Age-Related Maintenance/Updates
Built in 1957, the property may require updates to its systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations to align with contemporary preferences, representing potential future expenses for the buyer.
- Lower School Performance Ratings
While conveniently located near schools, the elementary and high schools have lower performance ratings (2 out of 10), which could be a consideration for buyers prioritizing top-tier educational facilities.
About 44853 5th Street E
Welcome to this charming single-story home located in a quiet Lancaster neighborhood. This short sale opportunity offers 1,336 sq ft of comfortable living space, featuring 3 bedrooms and 2 bathrooms, plus an additional spare bedroom, perfect for guests, a home office, or extra storage. The home offers a bright layout with an inviting living area, functional kitchen, and plenty of natural light. An attached 2-car garage adds convenience and additional storage. The generous front and backyard provide endless potential for outdoor enjoyment or future customization. Buyer and Buyer’s Agent to perform all due diligence regarding use, permits, and compliance with local building codes. SHORT SALE HAS BEEN APPROVED $368,500 THERE IS A MAX ALLOWED FOR COST - CALL FOR ANY QUESTIONS
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 6,935 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lancaster Unified Schools
Linda Verde Elementary School
Grades K-5 • 0.1 mi
Piute Middle School
Grades 6-8 • 0.7 mi
Antelope Valley High School
Grades 9-12 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,336 | 1,633.5 | 23% |
| Lot Size | 6,935 | 7,060.5 | 43% |
| Price | $368.5K | $440.0K | 13% |
| Price per sq ft | $276 | $266 | 59% |
| Built year | 1957 | 1988 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 87 | 178 | 10% |
Pricing History
Listed for Sale
Jan 17, 2026
$368,500
$400,000
-8% Price Drop
Initial Listing
Price Change
Dec 9, 2025
$400,000
Initial Listing
Sold
Sep 15, 2022
$380,000
Public Record
Sold
Apr 14, 2014
$137,000
Public Record
Sold
Oct 22, 2004
$234,500
Public Record
Sold
May 6, 2003
$112,000
Public Record
Sold
Jul 5, 2001
$72,500
Public Record