43029 7th Street East, Lancaster, CA 93535
43029 7th Street East, Lancaster, CA 93535
Property Description
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.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Lancaster · Single Family Residence
Listed in line with the median closed sale of $320,000. Price per sqft ($667) is a 119% premium to closed comps ($304). Closed comps sold at 95% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 154 days on market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 44008 Hardwood | Lancaster | 1952 | 2 | 1 | 927 | 6,012 | $361 | $335,000 | 2 | 50 |
| 137 Avenue J 8 | Lancaster | 1956 | 3 | 2 | 1,668 | 6,578 | $209 | $349,001 | 90 | 49 |
| 44129 Carolside | Lancaster | 1954 | 3 | 1 | 1,036 | 6,912 | $338 | $350,000 | 77 | 47 |
| 44137 Fern | Lancaster | 1952 | 3 | 1 | 1,102 | 6,287 | $327 | $359,900 | 24 | 45 |
| 1255 Herzel Avenue | Lancaster | 1985 | 3 | 2 | 1,390 | 7,480 | $205 | $285,000 | 1 | 42 |
| Total: 5 · Average | 2.8 | 1.4 | 1,224.6 | 6,653.8 | $288 | $335,780.2 | 38.8 | |||
| Median | 1,102 | $349,001 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43433 7th | Lancaster | 1947 | 05/05/2026 | 2 | 1 | 834 | 8,476 | $299,000 | $314,000 | $376 | 1.05 | 174 | 64 |
| 1118 Avenue K | Lancaster | 1956 | 05/06/2026 | 3 | 2 | 1,724 | 16,407 | $399,000 | $365,000 | $212 | 0.92 | 100 | 49 |
| 309 Avenue J13 | Lancaster | 1957 | 10/13/2026 | 3 | 2 | 1,046 | 6,513 | $339,900 | $320,000 | $306 | 0.94 | 232 | 48 |
| 44329 3rd | Lancaster | 1952 | 05/28/2026 | 3 | 1 | 950 | 6,053 | $339,000 | $342,000 | $360 | 1.01 | 188 | 47 |
| 44009 Stanridge | Lancaster | 1954 | 07/09/2026 | 4 | 2 | 1,165 | 6,970 | $369,000 | $307,000 | $264 | 0.83 | 76 | 46 |
| Total: 5 · Average | 3.0 | 1.6 | 1,143.8 | 8,883.8 | $329,600 | $329,600 | $303.6 | — | 154 | ||||
| Median | 1,046 | $320,000 | $320,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.