516 South, Lebec, California 93243, Lebec, 93243 - 1 bed, 1 bath
Loading property details...
516 South
Lebec, California 93243
ACTIVE UNDER CONTRACT
CONDITION: FAIR
1Beds
1Baths
468Sq Ft
7,698Lot Size
Property Price
LIST PRICE$140,000
SUMMARY
Analysis of 516 South, Lebec, California 93243 is currently available with a list price of $140,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1928, this property has a recently replaced roof and a recently remodeled bathroom with modern fixtures. However, the kitchen is basic and dated with older appliances and cabinetry, and the home lacks central HVAC, relying on a wall heater and window AC. The hardwood floors show wear, and while functional, the property requires further updates beyond the bathroom to meet modern standards.
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 = 7698, living area = 468.
- Recent Major Upgrades
The property benefits from a recently replaced roof and a remodeled bathroom, reducing immediate maintenance concerns for a new owner.
- Generous & Usable Lot
A 7,698 square foot, fully fenced lot provides ample space for outdoor activities, RV parking, and off-road vehicles, appealing to outdoor enthusiasts.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 468 square feet, 1 bedroom, and 1 bathroom, the property offers very compact living quarters, which may not suit all buyer needs or family sizes.
- Historic Property Age
Built in 1928, the home is nearly a century old. While some updates are noted, potential buyers may have concerns about the condition of original systems (e.g., plumbing, electrical) not explicitly mentioned as upgraded.
- Niche Market Appeal
The combination of a small footprint and specific 'small-town mountain living' lifestyle caters to a niche buyer demographic, potentially limiting the overall market pool and resale velocity.
About 516 South
This cozy home offers a wonderful opportunity to become a property owner in the Golden State, located at just 35 minutes approx. from Santa Clarita to the south and 35 minutes approx. from Bakersfield to the north. Escape to your own tranquil place in the serene rolling hills of the Tejon Mountains and enjoy the small-town mountain living! This 1 bedroom, 1 bath is off on a paved road; the 7,698 square foot lot, completely fenced, offers plenty of space to bring your RV, off-road vehicles, and plenty of space to enjoy your favorite outdoor yard activities; the roof was recently replaced; and the bathroom was recently remodeled. This property is a closer distance to the Tejon Outlet Mall and the Hard Rock Casino that is opening its doors on November 13th of this year, 2025. DON'T miss this opportunity, and schedule a private showing today!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 7,698 Sq. Ft.
Interior
- Total Bedrooms
- 1
- 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 |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 468 | - |
| Lot Size | 7,698 | - |
| Price | $140.0K | $327.0K |
| Price per sq ft | $299 | $169 |
| Built year | 1928 | 0 |
| HOA | $0 | $0 |
| Days on market | 306 | 216 |
Pricing History
Listed for Sale
Nov 7, 2025
$140,000
Initial Listing
Sold
Sep 21, 2016
$54,000
Public Record