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48801 97th E Street E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 3 bath

48801 97th E Street E, Lancaster, California 93535 home-pic-0
ACTIVE$580,000
48801 97th E Street E, Lancaster, California 93535
3Beds
3Baths
2,378Sqft
1,742,400Lot
Year Built
1958
Close
-
List price
$580K
Original List price
$580K
Price/Sqft
$244
HOA
-
Days on market
-
Sold On
-
MLS number
WS25151893
Home ConditionPoor
Features
Good View: Desert
ViewDesert

About this home

We found 3 Cons,5 Pros. Rank: price - $580.0K(98th), sqft - 2378(90th), beds - 3(49th), baths - 3(69th).

Rare 40-Acre Ranch Zoned Heavy Agricultural w/ 2 Operational Wells on Regular Flat Lot + Guest House! Incredible opportunity for investors, farmers, or visionary buyers seeking land, space, and potential. Main residence is 2,528 sq ft, 3 bed/3 bath ranch-style home remodeled in the 1990s. Home experienced an electrical fire in 2020s causing significant smoke damage - must be sold as-is. CASH, FHA 203k, or Hard Money only. Seller OPEN to carrying/SELLER FINANCING. 880 sq ft Guest House (currently configured as workshop) offers 2 beds, 1 bath, kitchenette, and dedicated septic. Property includes 2 working wells (1 commercial-grade w/ new pump in 2017), 4 septic systems, RV septic hookup, hoop houses for agricultural use, cistern, two storage sheds, and sweeping mountain/desert views. Zoned Heavy Agriculture per LA County Planning Portal—ideal for livestock, farming, greenhouse cultivation, or off-grid living (buyer to verify max use). Just ~25 minutes from Downtown Lancaster, the BLVD District, shopping, restaurants, and major retail. Easy access to Edwards Air Force Base, Saddleback Butte State Park, Willow Springs Raceway, and Antelope Valley Poppy Reserve. Don’t miss this rare blank canvas with infrastructure, acreage, and upside - priced for immediate action!

Price History

Date
Event
Price
07/21/25
Listing
$580,000
Condition Rating
Poor
The property, built in 1958 and last remodeled in the 1990s, has recently experienced an electrical fire in the 2020s, resulting in significant smoke damage. This necessitates substantial repairs and rehabilitation, making it far from move-in ready. The 'as-is' sale condition and requirement for specific financing (CASH, FHA 203k, or Hard Money) further confirm its poor state, indicating major defects that affect livability and require extensive work. No interior images were provided to assess specific kitchen or bathroom conditions, but the overall fire damage overrides any potential minor updates.
Pros & Cons

Pros

Expansive Acreage & Agricultural Zoning: The property boasts a rare 40-acre lot with Heavy Agricultural zoning, offering vast potential for farming, livestock, greenhouse cultivation, or off-grid living.
Robust Water & Septic Infrastructure: Features two operational wells (one commercial-grade with a new pump in 2017) and four septic systems, providing essential and extensive utilities for large-scale operations.
Guest House Potential: Includes an 880 sq ft guest house (2 beds, 1 bath, kitchenette, dedicated septic), offering flexible options for additional living space, rental income, or a dedicated workshop.
Seller Financing Option: The seller is open to carrying/seller financing, which can be a significant advantage for certain buyers and broadens the potential buyer pool despite the property's condition.
Existing Agricultural & Support Infrastructure: Equipped with hoop houses for agricultural use, a cistern, RV septic hookup, and two storage sheds, providing a head start for various ventures and practical utility.

Cons

Significant Fire Damage & As-Is Sale: The main residence suffered significant smoke damage from an electrical fire in the 2020s and is sold 'as-is,' necessitating substantial repairs and renovation.
Limited Traditional Financing Options: Due to the property's condition, traditional financing is restricted to CASH, FHA 203k, or Hard Money, which may deter many conventional buyers.
Dated Main Residence Remodel: The main residence was last remodeled in the 1990s, indicating that even without the fire damage, it would likely require significant updates to meet modern aesthetic and functional standards.

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