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45439 Lorimer Avenue, Lancaster, California 93534, Lancaster, 93534 - 5 bed, 3 bath

45439 Lorimer Avenue, Lancaster, California 93534 home-pic-0
ACTIVE$459,900$1,430/sqft
Est. Value: $451,696
-1%
FairlyEstimate
45439 Lorimer Avenue, Lancaster, California 93534
5Beds
3Baths
1,430Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($451,695.9) is $8,204.1 (1%) lower than the list price ($459,900). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Recent Upgrades: Over $50k in recent upgrades including a new roof, upgraded electrical panel, new flooring, paint, bathroom fixtures, and kitchen appliances, ensuring a move-in ready condition.
Top Cons:
Property Age: Built in 1957, the property's age, despite significant upgrades, may raise concerns about original infrastructure or require ongoing maintenance typical of older homes.

Compared to the nearby listings

Price:$459.9K vs avg $425.0K (+$34,900)71%
Size:1,430 sqft vs avg 1,429 sqft50%
Price/sqft:$322 vs avg $30266%

More Insights

Built in 1957 (69 years old).
Condition: Despite being built in 1957, this property has undergone extensive and recent renovations, totaling over $50,000 in upgrades within the last 1-2 years. Key updates include a new roof (last year), an upgraded electrical panel (11-2022), a 2-year-old evaporator cooler, fresh laminate flooring, fresh paint, new sinks with stylish tile backsplashes in the bathrooms, a new refrigerator, and new washer/dryer. Crucially, it features a brand-new, fully permitted Mother-in-law suite with its own full bath. While the kitchen cabinetry style is not ultra-modern, all major systems and many cosmetic components are new or virtually new, meeting current quality standards for functionality and safety. The property is presented as move-in ready with no deferred maintenance.
Year Built
1957
Close
-
List price
$460K
Original List price
$480K
Price/Sqft
$322
HOA
-
Days on market
-
Sold On
-
MLS number
SR25128270
Home ConditionExcellent
Features
View-

About this home

**$20k Price Reduction*** ***Currently being rented with tenants at $3,700 per month*** Welcome to your snazzy new starter palace! With a jaw-dropping $50k in upgrades, this beauty boasts a fully permitted carport with a swanky automatic NEW garage door opener. NEW STORAGE? SHED! There's even a brand-new, fully permitted Mother-in-law suite, perfectly tucked away with its own full bath—ideal for surprise visits! Step inside to be greeted by fresh laminate flooring, a fresh coat of paint, and two bathrooms sporting new sinks with stylish tile shower backsplashes. The kitchen? NEW FRIDGE. It's a cavern of cabinetry! The 5th bedroom is so spacious, it comes with its own office and a walk-in closet fit for royalty. Enjoy your privacy with block walls all around. A new roof was added last year, and the evaporator cooler is just two years young. NEW WASHER & DRYER that come with the home! The electrical panel box was upgraded in 11-2022. You'll have a freeway hop and skip to all your favorites like the NEW AV SOCCER ARENA, IN-N-OUT, STARBUCKS, PANDA EXPRESS, grocery stores, and Cinemark 22 for epic movie nights. This upgraded, move-in ready starter home is a MUST SEE!

C
Christopher Soto
Listing Agent
Condition Rating
Excellent
Despite being built in 1957, this property has undergone extensive and recent renovations, totaling over $50,000 in upgrades within the last 1-2 years. Key updates include a new roof (last year), an upgraded electrical panel (11-2022), a 2-year-old evaporator cooler, fresh laminate flooring, fresh paint, new sinks with stylish tile backsplashes in the bathrooms, a new refrigerator, and new washer/dryer. Crucially, it features a brand-new, fully permitted Mother-in-law suite with its own full bath. While the kitchen cabinetry style is not ultra-modern, all major systems and many cosmetic components are new or virtually new, meeting current quality standards for functionality and safety. The property is presented as move-in ready with no deferred maintenance.
Pros & Cons

Pros

Extensive Recent Upgrades: Over $50k in recent upgrades including a new roof, upgraded electrical panel, new flooring, paint, bathroom fixtures, and kitchen appliances, ensuring a move-in ready condition.
Strong Income Potential & Versatility: Features a fully permitted Mother-in-law suite with a full bath and is currently generating $3,700/month in rental income, offering significant investment appeal or multi-generational living options.
Strategic Location with Amenities: Conveniently located with easy freeway access to major attractions, dining, shopping, and entertainment, enhancing lifestyle and desirability.
Enhanced Functionality & Storage: Includes a permitted carport with an automatic garage door, a new storage shed, and a spacious 5th bedroom with an office and walk-in closet, providing ample utility and space.
Recent Price Adjustment: A $20,000 price reduction from the original list price signals a motivated seller and presents a compelling value proposition for potential buyers.

Cons

Property Age: Built in 1957, the property's age, despite significant upgrades, may raise concerns about original infrastructure or require ongoing maintenance typical of older homes.
Evaporative Cooling System: The property utilizes an evaporative cooler, which may not provide the same level of comfort or efficiency as central air conditioning, particularly during peak summer months in a desert climate.
Tenant Occupancy: Currently tenant-occupied, which could present challenges for immediate owner occupancy, property showings, or require careful management of the existing lease agreement.
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