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8539 W Avenue L, Lancaster, California 93536, Lancaster, 93536 - bed, bath

8539 W Avenue L, Lancaster, California 93536 home-pic-0
ACTIVE$579,000$3,800/sqft
8539 W Avenue L, Lancaster, California 93536
0Bed
0Bath
3,800Sqft
418,176Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Land Size: The property boasts an expansive lot of nearly 10 acres (418,176 sqft), offering vast potential for agricultural, ranch, or future development opportunities.
Top Cons:
Extensive Renovation Required: The property is explicitly described as needing 'a lot of work and loving care' and is a 'fixer,' implying significant capital investment, time, and effort for rehabilitation.

Compared to the nearby listings

Price:$579.0K vs avg $600.0K ($-21,000)33%
Size:3,800 sqft vs avg 2,576 sqft67%
Price/sqft:$152 vs avg $15250%

More Insights

Built in 1957 (69 years old).
Condition: The property, built in 1957, is explicitly described as a 'fixer' needing 'a lot of work and loving care.' The images confirm this, showing gutted interiors with exposed studs, missing drywall, concrete floors, and boarded-up windows. There are no visible functional kitchens or bathrooms, and major systems (electrical, plumbing, HVAC) would require extensive replacement. The property is currently unlivable and requires substantial repairs and rehabilitation, aligning with the 'Poor' condition rating.
Year Built
1957
Close
-
List price
$579K
Original List price
$599K
Price/Sqft
$152
HOA
-
Days on market
-
Sold On
-
MLS number
SR25247663
Home ConditionPoor
Features
View-

About this home

THIS IS AN INVESTOR'S CALL WITH A GREAT VISSION TO TRANSFORM A DIAMOND ROCK IN A BEATIFUL AND FRUITFUL FARM/GEM. Location & INVESTMENT, LOCATION & INVESTMENT. located on 8539 W. Avenue L LANCASTER, CA. 93536*********************************************************BRING YOUR TOOLS TO CONVERT THIS FIXER IN A REMODELED HOME **********************WHAT WOULD YOU DO WITH THIS GEM? A RESTAURANT WITH HORSES, CAWS, CHIIVOS Y BORREGOS? ***************BRING YOUR HAMMER!!!!********************* Casa grande 7 recámaras y 4 baños y está dividida en 2 casas. La primera 4 recamaras y 2 baños con una chimenea. La segunda unidad tiene 3 recamaras 2 baños con chimenea. Tiene una sala grandísima como salón de fiestas y la tercer casa tiene 2 recamaras y 1 baño This property is located on 8539 W. Avenue L LANCASTER, CA. 93536 The first house has a total of 7 bedrooms and 4 bathrooms. And this is subdivided into TWO HOMES. The first one has 4 bedrooms and two bathrooms with chimney and has a HUGE living room and family room!!!!!!. The second one has 3 bedrooms and 2 bathrooms with chimney The THIRD HOME IS DETACHED from the main house and has 2 bedrooms and 1 bathroom. The total is 9 bedrooms and 5 bathrooms. The homes are seating on almost 10 acres of land. An acre has 43,560 Sq. Ft. THEN WE HAVE ALMOST 430,000 SQUARE FEET OF LAND !!!!!!!ALMOST 418,000 FEET OF LAND (9.6+/- ACRES)!!!!!!!! This property needs a lot of work and loving care. A recent appraisal was done on the property as it is and as it looks. The value came up to $705,000 and the nearby property was appraised for $1,200,000 Hurry, come and fix/invest on this property and make a great profit. Do you like the agriculture? Well, this RANCH PROPERTY has an OLIVE ORCHARD!!! Start your own business selling OLIVES/OLIVE OIL. The property has more than 200 ADULT OLIVE TREES that are already producing olives!

R
Ricardo Ortiz
Listing Agent

Price History

Date
Event
Price
02/16/24
Sold
$333,000
09/25/19
Sold
$118,000
11/01/13
Sold
$269,000
04/04/13
Sold
$150,000
Condition Rating
Poor
The property, built in 1957, is explicitly described as a 'fixer' needing 'a lot of work and loving care.' The images confirm this, showing gutted interiors with exposed studs, missing drywall, concrete floors, and boarded-up windows. There are no visible functional kitchens or bathrooms, and major systems (electrical, plumbing, HVAC) would require extensive replacement. The property is currently unlivable and requires substantial repairs and rehabilitation, aligning with the 'Poor' condition rating.
Pros & Cons

Pros

Significant Land Size: The property boasts an expansive lot of nearly 10 acres (418,176 sqft), offering vast potential for agricultural, ranch, or future development opportunities.
Income-Generating Triplex: Configured as a triplex with a total of 9 bedrooms and 5 bathrooms across three distinct units, providing immediate or future multi-unit rental income potential.
Agricultural Business Opportunity: Features an established olive orchard with over 200 producing adult olive trees, presenting a unique opportunity for an agricultural business venture (e.g., olive oil production).
High ROI Potential: Explicitly marketed as a 'fixer' with a recent appraisal valuing it at $705,000 in its current state, and nearby properties appraised at $1,200,000, indicating substantial profit potential post-renovation.
Versatile Use Potential: The large acreage and existing structures lend themselves to diverse uses, including residential income, ranching, agricultural enterprise, or even a hospitality concept.

Cons

Extensive Renovation Required: The property is explicitly described as needing 'a lot of work and loving care' and is a 'fixer,' implying significant capital investment, time, and effort for rehabilitation.
Age and System Obsolescence: Built in 1957, the structures are 67 years old, suggesting potential for outdated electrical, plumbing, and HVAC systems, which could lead to higher renovation costs and compliance challenges.
Recent Price Volatility/Justification: The property sold for $333,000 in February 2024 and is now listed at $579,000, a substantial price increase in a short period for a property needing extensive work, which may warrant careful due diligence on the current valuation.
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