40525 166th E
Lancaster, CA, 93535
$375,000
Original list price: $379,000
MLS: SR26148415
Beds
3
Baths
2
Sq Ft
1,264
Lot
0.67 ac
Year Built
1969
MLS #
SR26148415
Days on Market
53
Listed
Jul 8, 2026
Description
Fantastic opportunity for first-time buyers, investors or anyone looking for space and future potential! This charming, recently remodeled 3-bedroom, 2-bath home with a bonus room sits on a 0.67-acre lot in the heart of Lake Los Angeles—offering endless possibilities for expansion, additional units, or creating your own private retreat. The property features a massive backyard with room for a second unit or ADU, a garden, orchard horses, animals, or recreational outdoor living spaces. Inside, the home opens to a spacious living room that flows into a large kitchen with white cabinetry, granite countertops, stainless steel double sink. The dining area offers a comfortable, bright and inviting area. The bonus room and the converted garage offer excellent potential for an ADU, guest house, home office, or rental income. Additional upgrades include Updated electrical panel and newer 3-ton A/C unit (currently connected to the living room) The 5-ton A/C unit on the property is not part of the sale but may be negotiated if the buyer wishes to keep it or removed by the seller before close of escrow. With such a large lot and flexible layout, this home is perfect for buyers who want space, privacy, and room to grow. Stop by today and make this beautiful home yours. Opportunities like this don’t last. Property to be sold in its current “AS IS, WHERE IS” condition. The seller and listing agent make no guarantees or warranties regarding the accuracy of the information provided. Buyers are advised to independently verify all aspects of the property.
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Listed by: Mohammad Mirmehdi · Pinnacle Estate Properties, Inc.
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$3,000
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $37,500 · Loan: $337,500
Average 30-yr fixed rate 6.66% as of Aug 27, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,169
- Property tax (1.25%)
- $391
- Homeowners insurance
- $300
- Mortgage insurance
- $141
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 Aug 27, 2026
- 30-year fixed
- 6.66%
- 15-year fixed
- 5.98%
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 $13,125 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.
★#1 Producing Individual Realtor — Antelope Valley
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