538 Heyer Street, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath
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538 Heyer Street
Lancaster, California 93534
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,485Sq Ft
9,054Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$388,075
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well below the $388,075 Fair Market Value by 3%. This valuation gap offers $13,075 in Instant Equity for buyers. Featuring a 4-bedroom layout on a 9,054 sqft lot, the home has a Condition Rating of 4, requiring renovation to maximize its value. With proximity to Sierra Elementary, this asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project.
Estimated Market Value
$388,075+$13,075 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lancaster.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 538 Heyer Street Subject | $375,000* List Price | 4 | 2 | 1,485 | $261 | - |
A 43819 Elm Avenue Sold | $400,000 | 4 | 2 | 1,485 | $269 | 0.0 mi |
B 601 W Avenue J9 Sold | $380,000 | 4 | 2 | 1,659 | $229 | 0.1 mi |
C 43740 Heaton Avenue Sold | $360,000 | 3 | 2 | 1,260 | $286 | 0.3 mi |
D 43639 Elm Sold | $480,000 | 3 | 2 | 1,793 | $268 | 0.2 mi |
E 43729 Heaton Sold | $400,000 | 3 | 2 | 1,568 | $255 | 0.3 mi |
F 44036 Cedar Avenue Sold | $365,900 | 3 | 1 | 1,521 | $241 | 0.3 mi |
G 1042 West Avenue J10 Sold | $329,900 | 3 | 2 | 1,108 | $298 | 0.5 mi |
H 44141 Date Avenue Sold | $369,000 | 3 | 1 | 1,207 | $306 | 0.4 mi |
I 1144 W Avenue J11 Active | $459,900 List Price | 4 | 2 | 1,898 | $242 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963, the property shows a mix of conditions. While interior photos reveal recent cosmetic updates including new laminate flooring, recessed lighting, and quartz countertops (<5 years old), the 'as-is' short sale status and listing description explicitly call for renovation and customization. The exterior and landscaping are neglected, suggesting that despite partial interior updates, the home requires further repairs and system checks to be considered move-in ready.
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 = 9054, living area = 1485.
- Significant Investment Upside
Priced at $375,000 with a previous sales history reaching $580,000, this property offers substantial equity potential for investors or buyers looking to build value through renovation.
- Expansive Lot Size
The generous 9,054 square foot lot provides ample space for outdoor living, gardening, or the potential addition of an Accessory Dwelling Unit (ADU) to increase property value.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
The transaction is subject to lender approval, which often involves a prolonged and unpredictable closing timeline compared to standard residential sales.
- Distressed Condition
Sold in 'as-is' condition with limited photography available, the property likely requires significant capital expenditure for repairs, modernization, and deferred maintenance.
About 538 Heyer Street
Short sale opportunity with strong upside potential in Lancaster. Property offers a spacious layout, generous lot size, and convenient location near schools, shopping, dining, and commuter access. Ideal opportunity for buyers looking to customize, renovate, or invest. Property to be sold as-is and subject to lender approval. Limited photography available at this time. Buyer and buyer’s agent are advised to independently verify all information, including square footage, permits, condition, and any additions or modifications to the property. Great value and opportunity with long-term potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 9,054 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lancaster Unified Schools
Sierra Elementary School
Grades K-5 • 0.2 mi
3/10
Endeavour Middle School
Grades 6-8 • 4.0 mi
4/10
Antelope Valley High School
Grades 9-12 • 1.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.9 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,485 | 1,831.274 |
| Lot Size | 9,054 | 7,654.687 |
| Price | $375.0K | $478.1K |
| Price per sq ft | $253 | $269 |
| Built year | 1963 | 1989 |
| HOA | $0 | $203 |
| Days on market | 49 | 62 |
Pricing History
Listed for Sale
Jul 22, 2026
$375,000
Initial Listing
Sold
Oct 4, 2024
$580,000
Public Record
Sold
Jun 10, 2021
$385,000
Public Record
Sold
Jan 29, 2003
$135,000
Public Record