1807 W Avenue K8, Lancaster, California 93534, Lancaster, 93534 - 3 bed, 2 bath

1807 W Avenue K8, Lancaster, California 93534 home-pic-0
ACTIVE$379,900
1807 W Avenue K8, Lancaster, California 93534
3Beds
2Baths
1,172Sqft
16,087Lot

Price Vs. Estimate

The estimated value ($379,900) is $0 (0%) lower than the list price ($379,900). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Land Value: Sits on a large 16,087 sqft corner lot with expansive frontage, offering significant land value and potential for various uses.
Top Cons:
Requires Significant Renovation: The property explicitly 'needs some TLC,' indicating potential for deferred maintenance and requiring substantial renovation investment.

Compared to the nearby listings

Price:$379.9K vs avg $426.2K ($-46,350)19%
Size:1,172 sqft vs avg 1,429.5 sqft18%
Price/sqft:$324 vs avg $30266%

More Insights

Built in 1949 (76 years old).
Condition: Built in 1949, this property is in very poor condition, requiring substantial repairs and rehabilitation. The images reveal extremely dated and worn interiors, including old, dirty carpets, peeling paint, and unfinished walls. Both bathrooms feature very old linoleum flooring, DIY painted cabinets, outdated fixtures, and incomplete tiling, indicating a complete overhaul is needed. While the structure appears sound, the home is far from move-in ready and would be uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Year Built
1949
Close
-
List price
$380K
Original List price
$595K
Price/Sqft
$324
HOA
-
Days on market
-
Sold On
-
MLS number
SR25184183
Home ConditionPoor
Features
View-

About this home

Back on the market! This West Lancaster home is an excellent opportunity and has also been reduced to the low price of $399,900! This home is very nice and it has tremendous land value. It sits on a 16,087 sqft corner lot that features an expansive frontage area alongside Avenue K8. The entire west half of the lot is unused. With this abundant land and street-facing location, it would be an excellent location for a home-based business, truck storage, materials storage, etc. The home also has an oversized detached garage (almost double the size of a typical garage) with a large workshop/storage area and capped-off water/sewer connections. Potential ADU conversion (buyer to verify). The main house is a 3+2 single family home. It has a functional floorplan with an oversized living room, half of which could easily be converted into a 4th bedroom. The home needs some TLC but it has great potential. This property would also be appealing for someone who wants a large amount of land in the middle of town, to live in the main house and use the land and detached garage for storage/business uses. The city recently built a sidewalk in front of the property and included 2 separate driveways. Overall, this is a unique and versatile property at a very attractive price. There's a wide variety of uses here and it's ready for your vision. Don't miss out on this great opportunity!

Condition Rating
Poor

Built in 1949, this property is in very poor condition, requiring substantial repairs and rehabilitation. The images reveal extremely dated and worn interiors, including old, dirty carpets, peeling paint, and unfinished walls. Both bathrooms feature very old linoleum flooring, DIY painted cabinets, outdated fixtures, and incomplete tiling, indicating a complete overhaul is needed. While the structure appears sound, the home is far from move-in ready and would be uncomfortable to live in its current state, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Exceptional Land Value: Sits on a large 16,087 sqft corner lot with expansive frontage, offering significant land value and potential for various uses.
High Business/Storage Potential: The abundant unused land and prominent street-facing location are ideal for home-based businesses, truck, or materials storage.
Oversized Detached Garage with ADU Potential: Features an almost double-sized detached garage with a workshop and capped water/sewer connections, presenting strong ADU conversion possibilities (buyer to verify).
Attractive Price Point: Recently reduced to $379,900, offering a compelling entry price for a property with such versatile potential and land size.
Versatile Main House Layout: The 3-bed, 2-bath home has a functional floorplan, with an oversized living room that could easily be converted into a 4th bedroom.

Cons

Requires Significant Renovation: The property explicitly 'needs some TLC,' indicating potential for deferred maintenance and requiring substantial renovation investment.
Older Property Age: Built in 1949, the home's age suggests potential for outdated systems, materials, and age-related wear, which may necessitate upgrades.
Overpriced Relative to Market Estimation: The current listing price of $379,900 is approximately 18% higher than the property's estimated value of $327,087.555, suggesting it may be overvalued by market metrics.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state