1338 Franklin
Lancaster, CA, 93535
$429,999
MLS: SR26137488
Beds
3
Baths
2
Sq Ft
1,551
Lot
0.18 ac
Year Built
1981
MLS #
SR26137488
Days on Market
0
Listed
Jun 23, 2026
Description
Welcome to this beautifully maintained 3-bedroom, 2-bathroom home with vaulted ceilings, fresh new paint and new carpet throughout. This home offers a spacious kitchen with ample cabinet space that opens to the family room which features a cozy fireplace and attractive tile flooring that helps keep the home cool during warm summer days. And speaking of keeping cool, this home features a central AC and an evaporative cooling system! Step outside to discover an impressive backyard designed for entertaining, relaxing, and enjoying outdoor living. In addition to the beautifully landscaped rear yard and covered patio, you'll find a large paved area that can serve as RV parking, dog run, additional vehicle storage, or a second patio for hosting family and friends. Additional highlights include a 2-car garage, generous living spaces, and a convenient location within walking distance of shopping, dining, and everyday amenities. Hurry, this one won't last long!
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Also listed on GAVAR · MLS# 26004935
Listed by: Carol Laffite · Re/Max All-Pro
Payment estimate
$3,348
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $43,000 · Loan: $386,999
Average 30-yr fixed rate 6.47% as of Jun 18, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,438
- Property tax (1.25%)
- $448
- Homeowners insurance
- $300
- Mortgage insurance
- $161
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 18, 2026
- 30-year fixed
- 6.47%
- 15-year fixed
- 5.81%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Lake Los Angeles, CA in context
Lake Los Angeles is an unincorporated east-AV community in ZIP 93535, about 20 minutes east of Palmdale. Buyers come here for the most house-per-dollar in the AV — half-acre to multi-acre lots, fewer HOAs, and a quiet semi-rural pace. Many listings include desert acreage suitable for horses, RVs, or future expansion. Mike Watson knows the Lake Los Angeles and east-AV acreage market and has guided buyers here since 2005. If you are evaluating homes in Lancaster, Mike Watson lives and works the Lake Los Angeles market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lancaster home with as little as 3.5% down using an FHA loan — roughly $15,050 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Lancaster, CA 93535 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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