42935 15th Street
Lancaster, CA, 93534
$265,000
MLS: 26003657
Beds
2
Baths
2
Sq Ft
1,228
Lot
4.60 ac
Year Built
1974
MLS #
26003657
Days on Market
0
Listed
May 6, 2026
Description
Approved for low down FHA financing, this well-located upper floor condominium is situated in the desirable Park Somerset community of West Lancaster. Come in with equity at this purchase price. A functional and comfortable floor plan designed for everyday living, featuring a spacious living area with natural light and a seamless flow to a private patio ideal for natural light and a breath of fresh air. The unit includes a detached two-car garage with convenient access, along with ample guest parking nearby. Interior features include a practical kitchen with granite counter tops and laminate flooring with all your kitchen appliances in place, in-unit laundry, and two updated bathrooms. Residents enjoy access to community amenities such as pools, tennis courts, and well-maintained common areas. HOA dues also cover water, trash service, exterior maintenance, and fire insurance. The community is gated and centrally located near shopping areas like Costco, dining, Kaiser Permanente, and nearby freeway access. This property presents a solid opportunity for buyers seeking affordability, convenience, and long-term value in a well-established community.
Location
Lancaster, Los Angeles County, CA 93534
Open on Google Maps ↗Listed by: Jonathan Cisneros · ESO Realty Inc.
Payment estimate
$2,152
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $26,500 · Loan: $238,500
- Principal & Interest
- $1,476
- Property tax (1.25%)
- $276
- Homeowners insurance
- $300
- Mortgage insurance
- $99
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 Apr 30, 2026
- 30-year fixed
- 6.30%
- 15-year fixed
- 5.64%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $9,275 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 93534 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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