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
0
Listed
Jul 8, 2026
Description
Fantastic opportunity for investors, first-time buyers, or anyone looking for space and future potential! This charming, recently remodeled 3-bedroom, 2-bath home with a bonus room sits on over half an acre 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 or orchard Horses, animals, or recreational toys Custom 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. A bonus room and the converted garage offer excellent potential for an ADU, guest suite, home office, or rental income. (Garage entrance is currently walled off.) Additional upgrades include Updated electrical panel Swamp cooler Newer 3.5-ton A/C unit (currently connected to the living room only) A separate 5-ton A/C unit is on the property and may be negotiated if the buyer wishes to keep it 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 home yours. Opportunities like this don’t 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
$2,949
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $37,500 · Loan: $337,500
Average 30-yr fixed rate 6.43% as of Jul 2, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,118
- 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 Jul 2, 2026
- 30-year fixed
- 6.43%
- 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. 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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