49019 120th Street E, Lancaster, California 93535, Lancaster, 93535 - 6 bed, 2 bath
ACTIVE$549,000$1,984/sqft
49019 120th Street E, Lancaster, California 93535
6Beds
2Baths
1,984Sqft
439,520.406Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Potential: The property features two homes (main and ADU) and is classified as 'Residential Income / Duplex,' offering significant rental income opportunities or multi-generational living arrangements.
Top Cons:
Significant Renovation Required: The description explicitly states, 'The property is in need of work,' indicating that substantial investment in repairs, upgrades, and modernization will be necessary for both structures.
Compared to the nearby listings
Price:$549.0K vs avg $549.0K (+$0)50%
Size:1,984 sqft vs avg 1,975 sqft57%
Price/sqft:$277 vs avg $28443%
More Insights
Built in 1956 (70 years old).
Condition: Built in 1956, the property is explicitly described as 'in need of work.' While the main unit features a recently updated kitchen with modern appliances and a renovated bathroom, the second unit's kitchen and bathroom are significantly dated. The overall property, including the exterior, outbuildings, and basic/older heating and cooling systems (wall heaters, window AC units), requires substantial repairs and rehabilitation to meet modern standards and address deferred maintenance. The recent updates in one unit do not compensate for the overall condition of the two homes and extensive acreage.
Year Built
1956
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$277
HOA
-
Days on market
-
Sold On
-
MLS number
SR26011811
Home ConditionPoor
Features
Good View: Desert, Mountain(s)
ViewDesert, Mountain(s)
About this home
Two homes on a huge 10.09 acre lot. This property contains 2 address one for the ADU and one for the main home. Large trees, shrubs. Many animal pens to bring all your animals. There are out buildings, sheds and barns. Water and electric provided around the property. The property is in need of work.
J
John Murphy
Listing Agent
Price History
Date
Event
Price
11/30/20
Sold
$469,500
04/19/18
Sold
$50,000
Condition Rating
Poor
Built in 1956, the property is explicitly described as 'in need of work.' While the main unit features a recently updated kitchen with modern appliances and a renovated bathroom, the second unit's kitchen and bathroom are significantly dated. The overall property, including the exterior, outbuildings, and basic/older heating and cooling systems (wall heaters, window AC units), requires substantial repairs and rehabilitation to meet modern standards and address deferred maintenance. The recent updates in one unit do not compensate for the overall condition of the two homes and extensive acreage.
Pros & Cons
Pros
Income-Generating Potential: The property features two homes (main and ADU) and is classified as 'Residential Income / Duplex,' offering significant rental income opportunities or multi-generational living arrangements.
Expansive Acreage: A 'huge 10.09 acre lot' provides unparalleled space, privacy, and potential for various uses, including agricultural pursuits, expansion, or recreational activities.
Extensive Animal Facilities: Equipped with 'many animal pens,' 'out buildings, sheds and barns,' this property is ideally suited for buyers with livestock, equestrian interests, or those desiring a mini-farm setup.
Established Utilities: Crucially, 'water and electric provided around the property' is a major advantage for a large rural parcel, significantly reducing initial setup costs for future development or use.
Scenic Views: The property boasts desirable 'Desert, Mountain(s)' views, enhancing its aesthetic appeal and offering a tranquil, picturesque living environment.
Cons
Significant Renovation Required: The description explicitly states, 'The property is in need of work,' indicating that substantial investment in repairs, upgrades, and modernization will be necessary for both structures.
Advanced Age of Structures: Built in 1956, the main home and ADU are likely to have outdated systems and infrastructure, potentially requiring extensive renovations to meet current building codes and modern living standards.
Niche Market Appeal: While the large acreage and animal facilities are strengths for a specific buyer, the rural nature and extensive land might limit its appeal to buyers seeking a low-maintenance, suburban, or urban lifestyle.