508 South Drive, Lebec, California 93243, Lebec, 93243 - 3 bed, 1 bath
508 South Drive
Lebec, California 93243
Property Price
SUMMARY
Analysis of 508 South Drive, Lebec, California 93243 is currently available with a list price of $299,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lebec Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready, turnkey condition due to extensive recent renovations. The kitchen has been modernized with white shaker-style cabinetry, stone countertops, a subway tile backsplash, and stainless steel appliances. The interior features new wood-look laminate flooring, fresh paint, and an updated bathroom with a modern vanity and tile work. Although the home was built in 1973, the quality of the recent updates and the lack of deferred maintenance align with the 'good' condition category.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 864.
- Turnkey Condition
The home is move-in ready featuring a recently updated kitchen, fresh interior paint, and new flooring, significantly reducing immediate move-in costs for the buyer.
- Strategic Location
Ideally situated with easy freeway access and proximity to Tejon Ranch Outlets, providing a convenient commute to both Santa Clarita and Bakersfield.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At only 864 square feet for a three-bedroom configuration, the interior layout may feel restrictive and lacks the spaciousness typically desired for family living.
- Limited Bathroom Facilities
The residence includes only one bathroom, which can present logistical challenges for a multi-occupant household and may limit the property's appeal to certain buyer segments.
About 508 South Drive
Charming and move-in ready home located in the quiet community of Lebec. This inviting property offers comfortable living with three bedrooms and a bright, functional layout designed to maximize space. The home features an updated kitchen, fresh paint, and flooring that make it easy for the next owner to move right in. Enjoy a low-maintenance yard along with a storage shed providing additional space for tools, hobbies, or seasonal items. Conveniently located just minutes from shopping, dining, and entertainment at Tejon Ranch Outlets with easy freeway access for commuters. An excellent opportunity for first-time buyers, downsizers, or anyone seeking affordable homeownership within driving distance of Santa Clarita and Bakersfield. A great alternative to renting while still enjoying the comfort of owning your own home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.5 | 25% |
| Square foot | 864 | 1,672 | 25% |
| Lot Size | 8,276 | 59,697.5 | 25% |
| Price | $299.0K | $435.0K | 25% |
| Price per sq ft | $346 | $256 | 75% |
| Built year | 1973 | 1985 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 210 | 25% |
Pricing History
Listed for Sale
Dec 15, 2025
$299,000
Initial Listing
Sold
Sep 3, 2009
$75,000
Public Record
Sold
Jun 17, 2003
$52,000
Public Record
Sold
Jun 17, 2003
$60,000
Public Record