45414 Corkwood Avenue, Lancaster, California 93534, Lancaster, 93534 - bed, bath
45414 Corkwood Avenue
Lancaster, California 93534
Property Price
SUMMARY
Analysis of 45414 Corkwood Avenue, Lancaster, California 93534 is currently available with a list price of $499,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1957, this property shows significant signs of deferred maintenance and age. Exterior images reveal weathered fascia boards, peeling paint, and a heavily cracked driveway. The lack of interior photos, combined with the property's age and description as an 'investment opportunity,' suggests that the kitchen, bathrooms, and major systems are likely outdated and require substantial rehabilitation to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
Both units are currently occupied, providing an immediate revenue stream for investors and eliminating the need for initial tenant placement.
- Recent Price Improvement
A significant price reduction from the original $529,900 to $499,000 enhances the potential cap rate and overall investment value.
- Desirable Tenant Amenities
The inclusion of private fenced backyards for both units and a two-car garage for the front unit significantly increases tenant appeal and retention.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1957, the property may require more frequent maintenance or capital improvements to aging systems compared to modern constructions.
- Low School Ratings
The assigned public schools have low ratings (2-3/10), which may impact long-term property appreciation and the target tenant demographic.
- Uneven Parking Allocation
The two-car garage is exclusively used by the front unit, which may be a disadvantage for the rear unit's marketability or rental price.
About 45414 Corkwood Avenue
Investment Opportunity, This Duplex is a 2+1, both units are close in size laundry hook-ups in kitchen and are both currently rented, ONE unit will be delivered vacant at COE. Units have fenced back yards for privacy and the front unit has use of the two garage, The time is right to add this to your portfolio!!!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1957
- Lot Size
- 6,022 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lancaster Unified Schools
Mariposa Elementary School
Grades K-6 • 0.4 mi
Piute Middle School
Grades 6-8 • 1.0 mi
Antelope Valley High School
Grades 9-12 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,613 | 2,051 | 40% |
| Lot Size | 6,022 | 7,473 | 20% |
| Price | $499.0K | $499.0K | 50% |
| Price per sq ft | $309 | $290 | 60% |
| Built year | 1957 | 1951 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 156 | 20% |
Pricing History
Listed for Sale
Jan 27, 2026
$499,000
$529,900
-6% Price Drop
Initial Listing
Price Change
Jan 2, 2026
$529,900
Initial Listing
Sold
Jun 3, 2014
$145,000
Public Record
Sold
Jan 12, 2004
$135,000
Public Record