611 611 1/2 E Ovington, Lancaster, California 93535, Lancaster, 93535 - bed, bath
ACTIVE$350,000
611 611 1/2 E Ovington, Lancaster, California 93535
0Bed
0Bath
1Sqft
7,405Lot
Year Built
1957
Close
-
List price
$350K
Original List price
$400K
Price/Sqft
$350,000
HOA
-
Days on market
-
Sold On
-
MLS number
PW25233333
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $350.0K(20th), sqft - 1(20th), beds - undefined(50th), baths - undefined(50th).
SHORTSALE, SOLD WITH TENANTS, PAYING AND SEARCHING RELOCATION NOW , SUBJECT TO BANK APPROVAL AND NEGOTIATION. SUBMIT YOUR HIGHEST AND BEST. sale" Subject to lender approval. Buyer to cooperate with seller's lender requirements. Property to be sold as is, Seller makes no warranties or repairs. All terms, conditions fees are subject to lender approval"
Price History
Date
Event
Price
10/10/25
Price Change
$350,000-12.5%
10/06/25
Listing
$399,999
Condition Rating
Fair
Built in 1957, this property shows recent cosmetic updates in some areas, including a modernly renovated bathroom with new tiling and fixtures, and a bedroom with new laminate flooring, fresh paint, and an updated fireplace facade. However, the 'as-is' short sale status and the property's age suggest that major systems (plumbing, electrical, HVAC) and other critical areas, particularly the kitchen (which is not pictured), are likely outdated or require substantial repairs and renovation. While some visible components are updated, the overall condition indicates a need for further investment to address deferred maintenance and bring the entire property to a modern standard.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering immediate potential for rental income from two units, making it attractive to investors.
Significant Price Reduction: The list price has been reduced from $399,999 to $350,000, indicating a potential opportunity for a favorable purchase price.
Existing Paying Tenants: Tenants are currently in place and paying, providing an immediate income stream and reducing initial vacancy risk for an investor.
Generous Lot Size: With a 7,405 sqft lot, there is ample outdoor space, which can be a desirable feature for tenants or potential for future enhancements.
Investment Opportunity: The short sale status and 'as-is' condition, combined with its income potential, position this property as a value-add investment for buyers willing to navigate the complexities.
Cons
Complex Short Sale Process: The sale is subject to bank approval and negotiation, which typically leads to a lengthy, uncertain, and potentially frustrating transaction process.
As-Is Condition & Age: Sold 'as-is' with no warranties or repairs, coupled with its 1957 build year, suggests the buyer will likely incur significant costs for necessary repairs, updates, and deferred maintenance.
Tenant Relocation & Occupancy Challenges: While tenants are paying, the requirement for their relocation adds complexity, potential costs, and uncertainty regarding immediate possession or re-tenanting, which could impact investor plans.