40525 166th E
Lancaster, CA, 93535
$385,000
Original list price: $395,000
MLS: SR26010910
Beds
3
Baths
2
Sq Ft
1,264
Lot
0.67 ac
Year Built
1969
MLS #
SR26010910
Days on Market
137
Listed
Jan 15, 2026
Description
Great opportunity for investors or first-time buyers to expand! This Adorable recently remodeled 3-bedroom 2-bath plus bonus room Lake Los Angeles home sits on more than half an acre of land with so much upside potential. Spacious backyard has definitive opportunities, perfect for building another unit or adding your own unique touches such as a garden or great for horses and animals. The home opens into a large living room, leads to the kitchen with eat-in dining area have been upgraded to white cabinets with granite counter-tops and stainless-steel double sink. The garage and the bonus room can be converted to an ADU /guesthouse for additional family members or potential rental property. The garage is converted to a room, and its entrance is currently walled off. The house offers upgrades electrical panel, swamp cooler and also a newer 3.5-ton A/C unit however the A/C unit is only connected to the living room but not to the rest of the house. There is a 5-ton A/C unit on the property as well that will be removed by the owner before the close of escrow unless the buyer wants to negotiate and pay for it. Stop by today and make this home yours. Will not last! Property to be sold in its current “AS IS, WHERE IS” condition.
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Listed by: Mohammad Mirmehdi · Pinnacle Estate Properties, Inc.
Payment estimate
$3,031
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $38,500 · Loan: $346,500
- Principal & Interest
- $2,186
- Property tax (1.25%)
- $401
- Homeowners insurance
- $300
- Mortgage insurance
- $144
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 4, 2026
- 30-year fixed
- 6.48%
- 15-year fixed
- 5.79%
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. 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 $13,475 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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