850 W Milling Street, Lancaster, California 93534, Lancaster, 93534 - 6 bed, 4 bath
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Lancaster, California 93534
Analysis of 850 W Milling Street, Lancaster, California 93534 is currently available with a list price of $849,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lancaster 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.
Property is new construction or fully renovated.
Although originally built in 1947, both residences on the lot have undergone extensive, high-quality renovations within the last 5 years. The property features new vinyl wood flooring, completely updated kitchens with modern countertops, and fully redesigned bathrooms with contemporary aesthetics. With new light fixtures, fresh paint, and a turnkey interior, the property meets the criteria for excellent condition due to the comprehensive nature of the recent remodels.
The property features two fully detached 3-bedroom, 2-bathroom homes on a single lot, providing exceptional versatility for multi-generational living or high-yield rental strategies.
Both residences have been comprehensively updated with contemporary finishes, including new vinyl flooring, modern kitchens, and redesigned bathrooms, ensuring a move-in-ready experience.
With a documented history of generating over six figures annually as a short-term rental, this property offers a rare, high-performing investment opportunity with established cash flow.
The assigned local schools have relatively low ratings, ranging from 2 to 4, which may impact the property's appeal to families prioritizing high-performing educational districts.
Originally constructed in 1947, the property may possess aging underlying systems or structural elements typical of its era that require ongoing maintenance despite recent cosmetic upgrades.
Rare opportunity to own two fully remodeled homes on one lot, offering incredible flexibility for investors, short-term rental operators, or multi-generational living.The front home features 3 bedrooms and 2 bathrooms, while the back home also offers 3 bedrooms and 2 bathrooms, creating a versatile property with endless possibilities. Both residences have been recently remodeled with contemporary finishes, including fresh interior paint, new vinyl wood flooring, stylish modern countertops, updated kitchens, and new light fixtures throughout.The bathrooms in both homes have been completely redesigned, showcasing clean, modern aesthetics and thoughtful upgrades that elevate the overall feel of each space.In addition to the dual living spaces, the property includes a 4-car garage, providing ample parking, storage, or potential workspace.What truly sets this property apart is its proven income history. Currently operating as a short-term rental, this property has consistently generated over six figures annually, making it a true cash-flowing investment opportunity.Whether you're looking to house hack, expand your investment portfolio, or own a turnkey income-producing property, this unique two-home setup delivers both style and strong financial performance.Opportunities like this rarely hit the market.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,616 | 1,880 |
| Lot Size | 8,830 | 7,703 |
| Price | $849.0K | $474.8K |
| Price per sq ft | $325 | $271 |
| Built year | 1947 | 1990 |
| HOA | $0 | $140 |
| Days on market | 139 | 62 |
Mar 5, 2026
$849,000
Initial Listing
Dec 8, 2021
$700,000
Public Record
Jun 21, 2019
$75,000
Public Record