42735 E 2nd Street
Lancaster, CA, 93535
$385,000
MLS: 26005138
Beds
3
Baths
1
Sq Ft
1,110
Lot
0.50 ac
Year Built
1953
MLS #
26005138
Days on Market
0
Listed
Jul 2, 2026
Description
Hard to find LCM1½-B1 zoning! Opportunities like this don't come around often. This charming 3-bedroom, 1-bath home is comfortable as-is and just needs a little TLC to really shine. The unique zoning creates possibilities beyond the typical residential property, making it an excellent opportunity for homeowners, investors, or business-minded buyers. Buyers may also wish to explore the potential for an ADU or other future improvements (buyer to verify). Buyer to verify all permitted uses, zoning, development potential, and any ADU possibilities with the appropriate agency. If you've been searching for a property with possibilities beyond the ordinary, this one deserves a look.
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Also listed on CRMLS · MLS# SR26144328
Listed by: Donna Oehler · Realty Executives Platinum
Payment estimate
$3,020
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $38,500 · Loan: $346,500
Average 30-yr fixed rate 6.43% as of Jul 2, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,174
- 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 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 $13,475 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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