45526 Leatherwood, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 3 bath
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45526 Leatherwood
Lancaster, California 93534
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,686Sq Ft
5,997Lot Size
Property Price
LIST PRICE$590,000
EST. MARKET VALUE
$513,914
14% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a High-Potential Investment Opportunity, listed at $590,000—positioned well above the $513,915 Fair Market Value by -14%. While priced above market, the property features a Legally Converted ADU, providing a turnkey "house-hack" strategy to offset mortgage costs. With a Condition Rating of 3, the home is well-maintained and move-in ready. Located just 0.24 miles from Desert View Elementary, it offers convenience for families. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income potential.
Estimated Market Value
$513,914
Based on Realkey algorithm analyzing recent comparable sales in Lancaster.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45526 Leatherwood Subject | $590,000* List Price | 4 | 3 | 1,686 | $305 | - |
A 45428 13th W Sold | $440,000 | 3 | 2 | 1,561 | $282 | 0.2 mi |
B 45650 Fig Avenue Sold | $420,000 | 4 | 2 | 1,662 | $253 | 0.6 mi |
C 1289 Boyden Sold | $565,000 | 4 | 2 | 1,918 | $295 | 0.2 mi |
D 45517 Kingtree Avenue Sold | $476,999 | 5 | 3 | 1,787 | $267 | 0.2 mi |
E 45638 Fig Sold | $424,000 | 4 | 2 | 1,662 | $255 | 0.6 mi |
F 45318 Gadsden Avenue Sold | $575,000 | 4 | 2 | 1,489 | $386 | 0.6 mi |
G 45539 York Place Sold | $420,000 | 3 | 2 | 1,373 | $306 | 0.0 mi |
H 45315 Genoa Sold | $585,000 | 4 | 2 | 1,370 | $427 | 0.5 mi |
I 45228 Lorimer Avenue Active | $425,000 List Price | 4 | 2 | 1,498 | $284 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1957, the property appears well-maintained with significant updates including a legal garage-to-ADU conversion and updated vinyl windows. The exterior stucco and roofing appear functional, and the move-in ready status for both units suggests renovations within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The property features a legally converted 1-bedroom ADU with its own address and entrance, providing a turnkey opportunity for rental income or house-hacking to offset mortgage costs.
- Legal ADU Compliance
Unlike many garage conversions, this unit is fully permitted and legal, ensuring peace of mind for the buyer regarding zoning regulations and enhancing the property's long-term resale value.
- Proximity to Elementary Education
Located just 0.24 miles from Desert View Elementary School, the home offers exceptional convenience for families with young children, reducing daily commute times.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1686, other record living area = 1245. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2026-01-21. The sold price is $297,500.00.
- School District Ratings
The assigned middle and high schools have lower performance ratings (3 and 2 respectively), which may be a concern for families prioritizing high-ranking educational environments.
About 45526 Leatherwood
45526 & 45524 Leatherwood is a perfect opportunity to live in one and rent the other. The main house has 3 bed and spacious at 1245 sqft and the garage was LEGALLY converted to a private 1 bed 1 bath ADU with its own separate address and entrance. Enjoy living in your own space while generating rental income from the second. Invest both in your own personal residence and a rental unit or benefit from a great opportunity to rent two units in one location. The opportunity is endless for both investors and owners looking to occupy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 5,997 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lancaster Unified Schools
Desert View Elementary School
Grades K-6 • 0.2 mi
3/10
Piute Middle School
Grades 6-8 • 1.8 mi
3/10
Antelope Valley High School
Grades 9-12 • 1.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.9 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,686 | 1,831.274 |
| Lot Size | 5,997 | 7,654.687 |
| Price | $590.0K | $478.1K |
| Price per sq ft | $350 | $269 |
| Built year | 1957 | 1989 |
| HOA | $0 | $203 |
| Days on market | 5 | 62 |
Pricing History
Listed for Sale
Sep 4, 2026
$590,000
Initial Listing
Sold
Jan 21, 2026
$297,500
Public Record
Sold
Sep 8, 2015
$135,000
Public Record
Sold
Jan 31, 2012
$63,500
Public Record
Sold
Sep 21, 1995
$66,000
Public Record