1023 W Avenue H2, Lancaster, California 93534, Lancaster, - bed, bath

home-pic
ACTIVE$439,000
1023 W Avenue H2, Lancaster, California 93534
4Beds
2Baths
1,420Sqft
6,389Lot
Year Built
1957
Close
-
List price
$439K
Original List price
$435K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25084130
Home ConditionExcellent
Features
Patio
View-

About this home

**LOOKING FOR AN INVESTMENT OPPORTUNITY WITH CAP RATE AT NEARLY 10%** The home is currently tenant occupied and is generating $4750 per month. Start generating income as soon as you close escrow. Property is occupied and ready to go. Pictures don't lie and neither does rent. Special financing might be available depending on your situation. This beautifully updated single-story home in West Lancaster offers 4 bedrooms, 2 updated bathrooms, and a spacious entertainer's backyard perfect for gatherings. Recent improvements include a newer roof, dual-pane windows, and sliding glass doors. Inside, you'll find luxury vinyl plank flooring throughout, a modern kitchen with updated cabinetry, sleek quartz countertops, stainless steel appliances, and energy-efficient LED lighting. This home qualifies for special financing with down payment assistance or better rates, see supplements for details. Please be advised that this property is equipped with surveillance equipment that may be recording audio and/or video. By entering these premises, you acknowledge and consent to such recording.

Nearby schools

3/10
Desert View Elementary School
Public,K-60.8mi
3/10
Piute Middle School
Public,6-81.5mi
2/10
Antelope Valley High School
Public,9-121.6mi

Price History

Date
Event
Price
09/18/25
Price Change
$439,000
04/17/25
Listing
$435,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (123 Listings)
Beds43
65%
Baths22
50%
Square foot1,4201,396
51%
Lot Size6,3896,901
36%
Price$439K$430K
53%
Price per square foot$309$303
55%
Built year19579800982
48%
HOA
Days on market202174
65%
Condition Rating
Excellent

Despite being built in 1957, this property has undergone an extensive and recent renovation, bringing it to modern standards. The description highlights a 'beautifully updated' home with a 'modern kitchen' featuring new cabinetry, sleek quartz countertops, stainless steel appliances, and LED lighting. The bathrooms are also updated, and luxury vinyl plank flooring is installed throughout. Major components like the roof, dual-pane windows, and sliding glass doors are newer. The images confirm these updates, showcasing a virtually new interior with contemporary finishes and fixtures, particularly in the kitchen and bathrooms. The overall condition reflects minimal physical depreciation and meets current quality standards, aligning with an 'Excellent' rating for a recently renovated property.
Pros & Cons

Pros

High-Yield Investment Opportunity: The property is tenant-occupied and boasts a nearly 10% CAP rate, offering immediate and substantial rental income for investors.
Extensive Modern Renovations: Significant recent upgrades include a newer roof, dual-pane windows, luxury vinyl plank flooring throughout, and a fully updated kitchen with sleek quartz countertops and stainless steel appliances.
Special Financing Options: The home qualifies for special financing, including potential down payment assistance or better interest rates, broadening its appeal to a wider range of buyers.
Spacious & Functional Layout: A single-story home offering 4 bedrooms and 2 updated bathrooms, providing a practical and comfortable living space suitable for families.
Entertainer's Backyard: Features a spacious backyard designed for gatherings, enhancing the property's lifestyle value and appeal for outdoor living.

Cons

Older Original Construction: Built in 1957, the property's age, despite extensive updates, may imply potential for older underlying infrastructure or systems not explicitly renovated.
Undisclosed Cooling System: The property description does not mention a cooling system, which could be a significant drawback and comfort concern given Lancaster's hot climate.
On-Premise Surveillance: The disclosure of audio/video surveillance equipment on the property may raise privacy concerns for some prospective buyers or tenants.

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