45039 Rachel Avenue, Lancaster, California 93535, Lancaster, 93535 - 2 bed, 2 bath
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Lancaster, California 93535
This Value-Add Fixer-Upper is listed at $400,000, offering a strategic opportunity to acquire a 1989-built home with a solid foundation. While the list price sits above the $326,631 Fair Market Value, the property’s 2-bedroom, 2-bathroom layout and 1,055 sq ft of living space provide a functional canvas for significant value-add renovations. With a Condition Rating of 4, the home requires immediate cosmetic updates, including flooring and paint, to reach its full potential. This Residential Asset is a prime candidate for Fix-and-Flip Investors or Contractors looking to build equity through strategic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45039 Rachel Avenue Subject | $400,000* List Price | 2 | 2 | 1,055 | $310 | - |
A 45041 17th Street E Sold | $400,000 | 3 | 2 | 1,282 | $312 | 0.1 mi |
B 1620 E Lingard Sold | $400,000 | 3 | 2 | 1,263 | $317 | 0.4 mi |
C 45108 Andale Avenue Sold | $440,000 | 3 | 2 | 1,384 | $318 | 0.9 mi |
D 855 Lightcap Street Sold | $380,000 | 4 | 2 | 1,323 | $287 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this property is a classic fixer-upper that appears to be in original condition. The kitchen features dated tile countertops, 1980s-style oak cabinetry, and older appliances. The listing and images confirm deferred maintenance, specifically the need for new flooring and interior/exterior paint. While the structure appears solid, the home requires cosmetic updates to meet modern standards.
Positioned as a fixer-upper with 'great bones,' this property offers significant upside for investors or flippers looking to build equity through strategic renovations.
Built in 1989, the home features a solid 2-bedroom, 2-bathroom floor plan that provides a modern foundation for cosmetic updates and personalization.
Priced competitively to sell, this listing represents an accessible entry-level opportunity in a desirable Lancaster neighborhood with strong potential for value appreciation.
The property requires immediate cosmetic attention, including new interior and exterior paint as well as updated flooring throughout to be move-in ready.
Sold strictly in its current condition, the property may present challenges for traditional financing and will require the buyer to budget for all necessary repairs.
Great Opportunity Fixer with Huge Potential! This home offers a fantastic opportunity for buyers looking to add their personal touch. Featuring a solid layout and great bones, this property is ready for some updates including interior/exterior paint and new flooring. Perfect for investors, flippers, or homeowners looking to build equity. Located in a desirable area with strong upside potential. Price to sell don't miss this chance to turn this house into your dream home or next investment! This property is sold as is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 4% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,055 | 1,605 | 5% |
| Lot Size | 5,647 | 7,084 | 5% |
| Price | $400.0K | $440.0K | 29% |
| Price per sq ft | $379 | $266 | 97% |
| Built year | 1989 | 1988 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 182 | 0% |
Apr 6, 2026
$400,000
Initial Listing
Jan 18, 2001
$99,500
Public Record
Oct 25, 1999
$1,000
Public Record