44937 E 5th Street, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 2 bath
Loading property details...
Lancaster, California 93535
This property presents a High-Potential Investment Opportunity with a List Price of $474,900—positioned well below the $489,000 Fair Market Value by 2%. This valuation gap offers $14,100 in Instant Equity. Featuring a Detached Studio ADU and a Pool, the home maintains a Good Condition Rating following recent renovations. While school ratings are modest, the property’s versatility makes it a prime Buy-and-Hold Investor asset or a strategic choice for Owner-Occupants seeking rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44937 E 5th Street Subject | $474,900* List Price | 4 | 2 | 1,789 | $273 | - |
A 44506 Tabler Sold | $416,500 | 4 | 2 | 1,892 | $220 | 0.6 mi |
B 333 E Kildare Sold | $402,000 | 4 | 2 | 1,485 | $271 | 0.2 mi |
C 44512 N Tabler Avenue Sold | $388,880 | 4 | 2 | 1,622 | $240 | 0.6 mi |
D 45461 3rd E Sold | $365,000 | 4 | 2 | 1,543 | $237 | 0.9 mi |
E 44715 E 5th Street E Pending | $436,000 List Price | 4 | 2 | 1,858 | $235 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property has undergone significant renovations since 2019, including updated kitchens with newer cabinetry and countertops, and modernized bathrooms. While the renovation age (<5 years) aligns with 'Excellent' criteria, the overall condition is rated 'Good' because the home relies on a swamp cooler rather than central HVAC, and listing photos show some unfinished interior details like unpainted ceiling patches and exposed electrical components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1789.
The 562 sq ft detached ADU with a full kitchen and bath provides exceptional versatility for rental income, a private home office, or multigenerational living.
Renovated since 2019, the home features newer windows, updated kitchens with modern cabinetry, fresh paint, and contemporary finishes like recessed lighting and crown molding.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8096.
The property utilizes a window swamp cooler rather than central air conditioning, which may not provide optimal comfort during the high-temperature summer months in the high desert.
The local public schools assigned to this property have low performance ratings (ranging from 2 to 3), which could impact long-term resale value and appeal to families.
Welcome to this beautifully updated 4-bedroom, 2-bath home located in East Lancaster! A standout feature of this property is the detached 562 sq ft studio ADU complete with a full kitchen and bathroom, offering excellent potential for rental income, multigenerational living, guest quarters, or a private workspace. Featuring numerous upgrades completed since 2019, this property offers both comfort and style with modern touches throughout. Enjoy newer windows throughout the home, a newer front entry door with a see-through security screen door, recessed lighting, crown molding, fresh interior and exterior paint, newer fencing, and a front patio. The updated kitchens feature newer sinks, cabinets, and countertops, creating functional and stylish spaces for everyday living and entertaining. Additional upgrades include USB outlets, ceiling speakers in the studio area, a window swamp cooler, and new carpet currently being installed. The backyard also features a pool area with fresh paint, creating a great setting for relaxing or entertaining. This unique property offers versatility, upgrades, and income potential all in one!
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,789 | 1,641.5 | 63% |
| Lot Size | 8,276.4 | 7,071 | 75% |
| Price | $474.9K | $445.0K | 67% |
| Price per sq ft | $265 | $264 | 51% |
| Built year | 1955 | 1987 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 166 | 0% |
Jun 4, 2026
$474,900
$489,000
-3% Price Drop
Initial Listing
May 18, 2026
$489,000
Initial Listing
Nov 1, 2016
$181,000
Public Record
Apr 23, 2014
$150,000
Public Record
Aug 11, 2008
$105,000
Public Record