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1025 W Newgrove Street, Lancaster, California 93534, Lancaster, 93534 - 2 bed, 1 bath

1025 W Newgrove Street, Lancaster, California 93534 home-pic-0
ACTIVE$220,000
1025 W Newgrove Street, Lancaster, California 93534
2Beds
1Bath
796Sqft
12,032Lot
Year Built
1951
Close
-
List price
$220K
Original List price
$220K
Price/Sqft
$276
HOA
-
Days on market
-
Sold On
-
MLS number
25622485
Home ConditionPoor
Features
View-

About this home

Great Deal:The estimated price is 8% above the list price. We found 3 Cons,6 Pros. Rank: price - $220.0K(1th), sqft - 796(3th), beds - 2(8th), baths - 1(15th).

Investor Opportunity! Unlock the possibilities with this fixer-upper ideal for investors, flippers, or end-users looking to create their next custom project. Situated on an expansive 12,032 sq ft lot, this property presents multiple avenues for value-add potential. Renovate the existing home and take advantage of the detached garage for a possible ADU conversion, maximizing both functionality and income potential. Offered as-is, this property is a true blank canvas with exceptional upside. Bring your contractor, bring your imagination, and seize an opportunity that rarely comes to market.

Price History

Date
Event
Price
11/24/25
Listing
$220,000
09/23/04
Sold
$162,000
03/16/99
Sold
$34,000
Condition Rating
Poor
Built in 1951, this property is over 70 years old and is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation' and sold 'as-is.' The exterior image shows significant signs of age and deferred maintenance, including worn roofing, outdated windows, and unkempt landscaping. While no interior images are provided, the description as a 'true blank canvas' strongly indicates that the kitchen, bathrooms, and all major systems (electrical, plumbing, HVAC) are severely outdated or non-functional and require substantial repairs and rehabilitation to meet modern standards. The property's advanced age suggests potential defects affecting safety and soundness, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

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 = 12032, living area = 796.
Significant Value-Add Potential: Explicitly marketed as an 'Investor Opportunity' and 'fixer-upper' with 'exceptional upside,' making it ideal for renovation and customization to maximize return on investment.
Expansive Lot Size: A generous 12,032 sq ft lot provides ample space for potential expansion of the existing home, extensive landscaping, or other outdoor amenities.
ADU Conversion Opportunity: The presence of a detached garage offers a clear and valuable path for an Accessory Dwelling Unit (ADU) conversion, enhancing income potential or multi-generational living options.
Affordable Entry Point: Listed at $220,000, it represents a relatively low acquisition cost for a single-family home on a large lot in California, appealing to budget-conscious investors or owner-occupants.
Blank Canvas for Customization: Being sold 'as-is' and described as a 'true blank canvas' allows buyers complete freedom to design and build to their specific tastes and needs without prior renovations to undo.

Cons

Extensive Renovation Required: The property is a 'fixer-upper' and sold 'as-is,' indicating a need for substantial investment in repairs, upgrades, and modernization, which could entail significant time and cost.
Small Living Area: With only 796 sq ft, the existing home offers limited interior living space, which may not suit larger families or those desiring more room without a significant expansion.
Advanced Age of Structure: Built in 1951, the home is over 70 years old, suggesting potential for outdated systems (electrical, plumbing, HVAC) and structural components that may require costly replacement or repair.

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