40945 156th Street
Lancaster, CA, 93535
$299,999
MLS: 26105341
Beds
3
Baths
2
Sq Ft
1,134
Lot
0.97 ac
Year Built
1985
MLS #
26105341
Days on Market
1
Listed
Oct 29, 2026
Description
Attention investors, flippers, and contractors! Don't miss this opportunity to transform a 3-bedroom, 2-bathroom home offering approximately 1,134 sq. ft. of living space on an expansive 0.97-acre lot in Lancaster. This property is a true fixer with significant renovation needs, presenting an opportunity for investors looking for their next value-add project. The generous lot offers additional possibilities for outdoor improvements and future enhancements, subject to city and county approvals. Whether you're looking to renovate and resell or hold as a long-term investment, this property is ready for your vision. Probate sale with full authority NO court confirmation required! Property is being sold strictly AS-IS, with no repairs or credits from the seller. Bring your contractor, evaluate the potential, and submit your best offer! Cash offers preferred.
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Listed by: Winston Nelson · Equity Smart Home Loans, 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
$2,565
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $30,000 · Loan: $269,999
Average 30-yr fixed rate 7.24% as of Oct 29, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $1,840
- Property tax (1.25%)
- $312
- Homeowners insurance
- $300
- Mortgage insurance
- $112
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 Oct 29, 2026
- 30-year fixed
- 7.24%
- 15-year fixed
- 6.60%
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 has closed sales on half-acre and larger lots in Lake Los Angeles and the east Antelope Valley, 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 $10,500 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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