850 W Milling Street
Lancaster, CA, 93534
$849,900
MLS: 26001990
Beds
6
Baths
4
Sq Ft
2,616
Lot
0.20 ac
Year Built
1947
MLS #
26001990
Days on Market
50
Listed
Mar 9, 2026
Description
Rare opportunity to own two fully remodeled homes on one lot, offering incredible flexibility for investors, short-term rental operators, or multi-generational living.The front home features 3 bedrooms and 2 bathrooms, while the back home also offers 3 bedrooms and 2 bathrooms, creating a versatile property with endless possibilities. Both residences have been recently remodeled with contemporary finishes, including fresh interior paint, new vinyl wood flooring, stylish modern countertops, updated kitchens, and new light fixtures throughout.The bathrooms in both homes have been completely redesigned, showcasing clean, modern aesthetics and thoughtful upgrades that elevate the overall feel of each space.In addition to the dual living spaces, the property includes a 4-car garage, providing ample parking, storage, or potential workspace.What truly sets this property apart is its proven income history. Currently operating as a short-term rental, this property has consistently generated over six figures annually, making it a true cash-flowing investment opportunity.Whether you're looking to house hack, expand your investment portfolio, or own a turnkey income-producing property, this unique two-home setup delivers both style and strong financial performance.Opportunities like this rarely hit the market.
Location
Lancaster, Los Angeles County, CA 93534
Open on Google Maps ↗Listed by: Arvin Garcia · Real Brokerage Technologies
Payment estimate
$6,204
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $84,990 · Loan: $764,910
- Principal & Interest
- $4,700
- Property tax (1.25%)
- $885
- Homeowners insurance
- $300
- Mortgage insurance
- $319
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 $29,747 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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