557 W Oldfield Street
Lancaster, CA, 93534
$335,000
MLS: 26003270
Beds
2
Baths
1
Sq Ft
817
Lot
0.20 ac
Year Built
1939
MLS #
26003270
Days on Market
5
Listed
Apr 23, 2026
Description
Charming corner-lot home with bonus income potential in the heart of Lancaster! This 2-bedroom, 1-bathroom single-story residence offers 817 sq ft of comfortable living space on an expansive 8,800+ sq ft lot. Step inside to a bright and inviting living room featuring a cozy fireplace and tile flooring throughout. The kitchen offers ample cabinetry and a dining area, perfect for everyday living. Both bedrooms are well-sized, and the home includes an indoor laundry area for added convenience. One of the standout features is the detached Jr. ADU with its own bathroom--ideal for guests, rental income, or a private workspace. The large corner lot provides plenty of outdoor space, RV access, and a pull-through driveway with flexible use options. With LRR2 zoning, this property offers exciting development potential, including the possibility to build a larger home or explore duplex opportunities.
Location
Lancaster, Los Angeles County, CA 93534
Open on Google Maps ↗Listed by: Sandra Leon · Luxury Collective
Payment estimate
$2,627
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $33,500 · Loan: $301,500
- Principal & Interest
- $1,852
- Property tax (1.25%)
- $349
- Homeowners insurance
- $300
- Mortgage insurance
- $126
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 $11,725 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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