Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingle Family Residence

43029 E 7th Street

Lancaster, CA, 93535

1 / 6View all 6 photos

$309,999

MLS: 25008567

Beds

1

Baths

1

Sq Ft

480

Lot

0.46 ac

Year Built

1946

MLS #

25008567

Days on Market

169

Listed

Nov 7, 2025

Description

Opportunity knocks with this unique investment property offering tremendous upside in a rapidly growing pocket of Lancaster. Set on an expansive 20,170 sq ft lot, this site comes with completed plans and engineering, saving valuable time and clearing the path for development. The existing structure features a 1-bedroom, 1-bathroom home approximately 480 sq ft, ideal as a rental, temporary living unit, or to be incorporated into a larger development plan. With utilities conveniently nearby and flexible layout potential, the lot is perfectly positioned for a multi-unit income-producing setup. The surrounding neighborhood supports both strong rental demand and resale value, making this a prime opportunity for builders, developers, or value-add investors looking to maximize returns. Whether you're planning to build out a multi-unit cash flow property, expand on the existing footprint, or hold for long-term appreciation, this is a standout investment in a high-growth market. A rare chance to step into a project with the heavy lifting already done — just bring your vision and execute.

Location

Lancaster, Los Angeles County, CA 93535

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Listed by: Gustavo Rodriguez · Real Brokerage Technologies

Payment estimate

$2,453

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $31,000 · Loan: $278,999

%
Principal & Interest
$1,714
Property tax (1.25%)
$323
Homeowners insurance
$300
Mortgage insurance
$116
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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 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

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 $10,850 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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