8539 W Avenue L, Lancaster, California 93536, Lancaster, 93536 - 9 bed, 4 bath

8539 W Avenue L, Lancaster, California 93536 home-pic-0
ACTIVE$579,000
8539 W Avenue L, Lancaster, California 93536
9Beds
4Baths
3,800Sqft
84,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Expansive Land & Agricultural Potential: The property boasts an impressive 'almost 10 acres' (approximately 430,000 sq ft) of land, featuring over 200 adult olive trees already producing, offering significant agricultural income opportunities.
Top Cons:
Extensive Renovation Required: The property explicitly 'needs a lot of work and loving care,' implying a substantial commitment of time, effort, and capital for necessary repairs, upgrades, and modernization.

Compared to the nearby listings

Price:$579.0K vs avg $600.0K ($-21,000)33%
Size:3,800 sqft vs avg 2,576 sqft67%
Price/sqft:$152 vs avg $15250%

More Insights

Built in 1957 (68 years old).
Condition: Built in 1957, this property explicitly 'needs a lot of work and loving care' as stated in the description. The images confirm this, showing gutted interiors with exposed studs, plumbing, and unfinished drywall in what appear to be kitchen and bathroom areas. Windows are boarded up, and the overall condition indicates significant deferred maintenance and a need for substantial repairs and rehabilitation to make it livable. There are no functional kitchens or bathrooms visible.
Year Built
1957
Close
-
List price
$579K
Original List price
$599K
Price/Sqft
$152
HOA
-
Days on market
-
Sold On
-
MLS number
SR25223287
Home ConditionPoor
Features
Good View: City Lights, Canyon, Desert
Patio
ViewCity Lights,Canyon,Desert

About this home

Location & INVESTMENT, LOCATION & INVESTMENT. located on 8539 W. Avenue “L”, LANCASTER, CA. 93536 Casa grande 7 recámaras y 4 baños y está dividida en 2 casas. La primera 4 recamaras y 2 baños con chimnea y la segunda 3 recamaras 2 baños con chimenea. Tiiene una sala grandísima como salón de fiestas y la tercer casa tiene 2 recamaras y 1 baño This property is located on 8539 W. Avenue “L”, LANCASTER, CA. 93536 The first house has a total of 7 bedrooms and 4 bathrooms. And this is subdivided into TWO HOMES. The first one has 4 bedrooms and two bathrooms with chimney and has a HUGE living room and family room!!!!!!. The second one has 3 bedrooms and 2 bathrooms with chimney The THIRD HOME IS DETACHED from the main house and has 2 bedrooms and 1 bathroom. The total is 9 bedrooms and 5 bathrooms. The homes are seating on almost 10 acres of land. An acre has 43,560 Sq. Ft. THEN WE HAVE ALMOST 430,000 SQUARE FEET OF LAND !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!ALMOST 430,000 FEET OF LAND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! This property needs a lot of work and loving care. A recent appraisal was done on the property as it is and as it looks. The value came up to $705,000 and the nearby property was appraised for $1,200,000 Hurry, come and fix/invest on this property and make a great profit. Do you like the agriculture? Well, this RANCH PROPERTY has an OLIVE ORCHARD!!! Start your own business selling OLIVES/OLIVE OIL. The property has more than 200 ADULT OLIVE TREES that are already producing olives!

Condition Rating
Poor

Built in 1957, this property explicitly 'needs a lot of work and loving care' as stated in the description. The images confirm this, showing gutted interiors with exposed studs, plumbing, and unfinished drywall in what appear to be kitchen and bathroom areas. Windows are boarded up, and the overall condition indicates significant deferred maintenance and a need for substantial repairs and rehabilitation to make it livable. There are no functional kitchens or bathrooms visible.
Pros & Cons

Pros

Expansive Land & Agricultural Potential: The property boasts an impressive 'almost 10 acres' (approximately 430,000 sq ft) of land, featuring over 200 adult olive trees already producing, offering significant agricultural income opportunities.
Multi-Unit Income Property: Classified as a 'Residential Income' property and 'Triplex', it comprises three distinct living units (4 beds/2 baths, 3 beds/2 baths, 2 beds/1 bath), providing strong rental income potential or multi-generational living arrangements.
Significant Investment & Value-Add Opportunity: Explicitly marketed as an 'INVESTMENT' property needing 'a lot of work and loving care', with a recent appraisal of $705,000 compared to a nearby property at $1,200,000, indicating substantial profit potential post-renovation.
Versatile Living Spaces: With a total of 9 bedrooms and 5 bathrooms across three separate homes, the property offers exceptional flexibility for various uses, including rental income, extended family living, or a live-in-one/rent-out-others model.
Scenic Views: The property offers desirable 'City Lights, Canyon, Desert' views, enhancing its aesthetic appeal and potential market value.

Cons

Extensive Renovation Required: The property explicitly 'needs a lot of work and loving care,' implying a substantial commitment of time, effort, and capital for necessary repairs, upgrades, and modernization.
Age of Property & Outdated Systems: Built in 1957, the property is likely to have original or significantly aged systems (electrical, plumbing, HVAC) and finishes, which will require considerable investment to bring up to current standards and preferences.
Inconsistent Property Data: There are notable discrepancies in the provided listing details, particularly regarding the total number of bathrooms (4 vs. 5) and a significant difference in reported lot size (84,000 sq ft vs. 'almost 10 acres' or 430,000 sq ft), which could create uncertainty for potential buyers and necessitate thorough due diligence.

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