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 · 4 active · 5 closed
Lancaster · Single Family Residence
Listed 60.0% above the median closed sale of $200,000. Price per sqft ($667) is a 96% premium to closed comps ($341). Closed comps sold at 95% of list — buyers have negotiating leverage.
Price Position
Positioned above the market — commands a premium.
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 117 Pillsbury Street | Lancaster | 1950 | 1 | 1 | 560 | 2,504 | $429 | $240,000 | 136 | 80 |
| 45750 250th | Lancaster | 1959 | 1 | 1 | 576 | 222,161 | $208 | $120,000 | 53 | 79 |
| 43310 Fairglen Road | Lancaster | 1957 | 2 | 1 | 708 | 8,588 | $325 | $230,000 | 170 | 65 |
| 45040 Redwood Avenue | Lancaster | 1950 | 2 | 1 | 752 | 7,787 | $605 | $455,000 | 129 | 65 |
| Total: 4 · Average | 1.5 | 1.0 | 649 | 60,260 | $391.75 | $261,250 | 122 | |||
| Median | 708 | $240,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45611 250th Street | Lancaster | 1959 | 08/11/2026 | 1 | 1 | 400 | 221,846 | $149,000 | $120,000 | $300 | 0.81 | 189 | 77 |
| 45558 250th Street | Lancaster | 1959 | 09/01/2026 | 2 | 1 | 580 | 221,793 | $199,999 | $200,000 | $345 | 1.00 | 63 | 75 |
| 4815 Avenue L14 | Lancaster | 1938 | 06/10/2026 | 1 | 1 | 706 | 10,544 | $375,000 | $370,000 | $524 | 0.99 | 52 | 72 |
| 1103 Milling | Lancaster | 1953 | 06/26/2026 | 2 | 1 | 720 | 6,248 | $299,000 | $300,000 | $417 | 1.00 | 51 | 69 |
| 46512 171st Street | Lancaster | 1959 | 05/19/2026 | 1 | 1 | 722 | 234,204 | $89,750 | $85,000 | $118 | 0.95 | 130 | 65 |
| Total: 5 · Average | 1.4 | 1.0 | 625.6 | 138,927 | $215,000 | $215,000 | $340.8 | — | 97 | ||||
| Median | 706 | $200,000 | $200,000 | ||||||||||
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.