45414 Corkwood Avenue, Lancaster, California 93534, Lancaster, 93534 - bed, bath
ACTIVE$529,900$1,613/sqft
45414 Corkwood Avenue, Lancaster, California 93534
0Bed
0Bath
1,613Sqft
6,022Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex with both units currently rented, providing immediate rental income and cash flow for an investor from day one.
Top Cons:
Age of Construction: Built in 1957, the property is older, suggesting potential for aging systems (plumbing, electrical, HVAC) and components that may require significant capital expenditures for updates or repairs.
Compared to the nearby listings
Price:$529.9K vs avg $529.9K (+$0)50%
Size:1,613 sqft vs avg 1,613 sqft50%
Price/sqft:$329 vs avg $29057%
More Insights
Built in 1957 (69 years old).
Condition: Built in 1957, this property is 67 years old. With no interior images or mention of recent renovations, it's highly probable that the kitchens, bathrooms, and major systems (plumbing, electrical, HVAC) are significantly outdated and require substantial rehabilitation to meet current standards. The exterior appears dated with some deferred maintenance, and the AI analysis highlights the 'Age of Construction' and potential for 'aging systems' requiring 'significant capital expenditures.' While currently rented, indicating functionality, the overall condition suggests a need for extensive updates rather than minor repairs.
Year Built
1957
Close
-
List price
$530K
Original List price
$530K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
SR25280833
Home ConditionPoor
Features
View-
About this home
Investment Opportunity, This is a 2+1 Duplex both units are close in size and are currently rented
Y
Yvette Gonzales
Listing Agent
Nearby schools
3/10
Mariposa Elementary School
Public,•K-6•0.4mi
3/10
Piute Middle School
Public,•6-8•1.0mi
2/10
Antelope Valley High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
06/03/14
Sold
$145,000
01/12/04
Sold
$135,000
Condition Rating
Poor
Built in 1957, this property is 67 years old. With no interior images or mention of recent renovations, it's highly probable that the kitchens, bathrooms, and major systems (plumbing, electrical, HVAC) are significantly outdated and require substantial rehabilitation to meet current standards. The exterior appears dated with some deferred maintenance, and the AI analysis highlights the 'Age of Construction' and potential for 'aging systems' requiring 'significant capital expenditures.' While currently rented, indicating functionality, the overall condition suggests a need for extensive updates rather than minor repairs.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with both units currently rented, providing immediate rental income and cash flow for an investor from day one.
Investment Opportunity: Explicitly marketed as an 'Investment Opportunity,' this property is well-suited for buyers seeking a stable income stream or long-term asset appreciation.
Historical Value Appreciation: The property has shown significant value appreciation, with the list price of $529,900 being substantially higher than its last sale price of $145,000 in 2014, indicating strong market growth or potential.
Proximity to Elementary School: Located very close to Mariposa Elementary School (0.39 miles), offering convenience for families with young children.
Flexible Configuration: As a duplex, it offers versatility for an owner-occupant to live in one unit and rent the other, or to rent both units for maximum income potential.
Cons
Age of Construction: Built in 1957, the property is older, suggesting potential for aging systems (plumbing, electrical, HVAC) and components that may require significant capital expenditures for updates or repairs.
Undisclosed Unit Layouts: The description lacks specific details regarding the bedroom/bathroom count and individual square footage for each unit, making it challenging for investors to fully assess rental potential and unit functionality.
Modest School Ratings: While schools are nearby, their ratings (2 for high school, 3 for elementary/middle) are not top-tier, which may be a consideration for some prospective tenants or owner-occupants prioritizing highly-rated educational institutions.