43029 7th Street E, Lancaster, California 93535, Lancaster, 93535 - 1 bed, 1 bath

43029 7th Street E, Lancaster, California 93535 home-pic-0
ACTIVE$319,999
43029 7th Street E, Lancaster, California 93535
1Bed
1Bath
480Sqft
20,176Lot
Year Built
1946
Close
-
List price
$320K
Original List price
$320K
Price/Sqft
$667
HOA
-
Days on market
-
Sold On
-
MLS number
SR25256461
Home ConditionTear down
Features
Patio
ViewDesert, Neighborhood

About this home

We found 4 Cons,6 Pros. Rank: price - $320.0K(7th), sqft - 480(0th), beds - 1(0th), baths - 1(4th).

Opportunity knocks with this unique investment property offering tremendous upside in a rapidly growing pocket of Lancaster. Set on an expansive 20,170 sq ft lot, this site comes with completed plans and engineering, saving valuable time and clearing the path for development. The existing structure features a 1-bedroom, 1-bathroom home approximately 480 sq ft, ideal as a rental, temporary living unit, or to be incorporated into a larger development plan. With utilities conveniently nearby and flexible layout potential, the lot is perfectly positioned for a multi-unit income-producing setup. The surrounding neighborhood supports both strong rental demand and resale value, making this a prime opportunity for builders, developers, or value-add investors looking to maximize returns. Whether you're planning to build out a multi-unit cash flow property, expand on the existing footprint, or hold for long-term appreciation, this is a standout investment in a high-growth market. A rare chance to step into a project with the heavy lifting already done — just bring your vision and execute.

Price History

Date
Event
Price
11/07/25
Listing
$319,999
02/26/25
Sold
$270,000
11/27/23
Sold
$200,000
Condition Rating
Tear down

The property was built in 1946, making the existing structure over 75 years old. The MLS description and property analysis explicitly state that the existing 480 sq ft structure is 'very old and likely requires extensive renovation or demolition' and that the property's value lies in its 'development potential' on the large lot. The provided images show dilapidated outbuildings, not a habitable home, and there are no interior photos of a kitchen or bathroom, strongly suggesting the existing structure is unlivable or not intended for habitation in its current state. The property's value is clearly based solely on the land and its potential for redevelopment.
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 = 20176, living area = 480.
Development Ready: The property comes with completed plans and engineering, significantly reducing development time and effort for investors.
Expansive Lot Size: An expansive 20,170 sq ft lot provides ample space for multi-unit development or expansion.
Multi-Unit Potential: The lot is perfectly positioned for a multi-unit income-producing setup, maximizing return on investment.
Strong Market & Growth: Located in a rapidly growing pocket of Lancaster with strong rental demand and resale value, indicating high appreciation potential.
Existing Income Potential: The existing 1-bedroom, 1-bathroom home can serve as an immediate rental unit or temporary living space during development.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-02-26. The sold price is $270,000.00.
Age of Existing Structure: Built in 1946, the existing 480 sq ft home is very old and likely requires extensive renovation or demolition for new development.
Small Existing Structure: The current 1-bedroom, 1-bathroom home is only 480 sq ft, limiting its immediate utility as a primary residence and primarily serving as a temporary or rental unit during development.
Development-Specific Appeal: The property's primary value lies in its development potential, which may narrow the buyer pool to investors and builders rather than typical owner-occupants seeking a ready-to-live home.

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