506 W Avenue J8, Lancaster, California 93534, Lancaster, 93534 - 3 bed, 1 bath
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Lancaster, California 93534
This property presents a High-Potential Investment Opportunity with a List Price of $245,000—positioned well above the $230,179 Fair Market Value by -6%. While the property requires a full interior rehab due to its Fair Condition Rating, the 7,238 sqft lot offers significant upside for expansion or ADU development. Located within walking distance of Sierra Elementary, this asset provides a solid foundation for rental income growth. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 W Avenue J8 Subject | $130,000* List Price | 3 | 1 | 990 | $233 | - |
A 43738 Beech Sold | $310,000 | 3 | 2 | 1,363 | $227 | 0.3 mi |
B 44627 Beech Sold | $235,000 | 3 | 1 | 1,119 | $210 | 0.8 mi |
C 44131 Elm Sold | $305,000 | 4 | 2 | 1,364 | $224 | 0.2 mi |
D 44515 Date Avenue W Sold | $255,000 | 2 | 1 | 848 | $301 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 (70 years old) and sold 'as-is' as an 'investor opportunity,' which typically indicates original systems and a need for a full interior rehab. The age and marketing remarks suggest significant deferred maintenance and outdated kitchen/bath.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7238, living area = 990.
Priced competitively at $245,000, this property serves as an excellent entry-level opportunity for experienced investors looking for a high-yield renovation project.
The 7,238 square foot lot provides a substantial outdoor area, offering significant potential for landscaping, expansion, or the addition of an Accessory Dwelling Unit (ADU).
The property is sold in as-is condition, implying that immediate and potentially costly repairs are necessary to bring the home up to modern living standards.
With only one bathroom serving three bedrooms in a 990 square foot layout, the property may face functional obsolescence challenges for larger families or modern buyers.
3 bed, 1 bath single family in Lancaster. Property sold as-is. Good opportunity for an experienced investor.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 4.1 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 990 | 1,880 |
| Lot Size | 7,238 | 7,703 |
| Price | $130.0K | $474.8K |
| Price per sq ft | $131 | $271 |
| Built year | 1956 | 1990 |
| HOA | $0 | $140 |
| Days on market | 69 | 62 |
Jul 19, 2026
$130,000
$245,000
-47% Price Drop
Initial Listing
May 14, 2026
$245,000
Initial Listing