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Lancaster, CA, 93534
$450,000
MLS: 26004483
Beds
3
Baths
3
Sq Ft
2,154
Lot
0.20 ac
Year Built
1949
MLS #
26004483
Days on Market
8
Listed
Jun 8, 2026
Description
Rare opportunity to own a highly improved flexible-use property in the Downtown Lancaster Specific Plan Area! Currently operating as a preschool, this unique property offers exceptional potential for educational, religious, professional office, medical, cultural, and various business-related uses (buyer to verify permitted uses with the City of Lancaster). The current owners have invested significantly into the property, creating a turnkey environment with extensive site improvements, including secure wrought-iron fencing, multiple gated access points, accessibility ramps, upgraded concrete walkways, artificial turf, a covered playground area, shade gazebo, and thoughtfully designed outdoor activity spaces. Inside, the property features a welcoming reception/office area, three oversized classroom spaces, three large childcare-style restrooms, a good size kitchen, storage room, central heating and air conditioning, and a detached building currently utilized as an additional classroom and indoor activity/gymnasium space. 44 Children Max Occupancy. Located just minutes from the heart of Lancaster Boulevard, this property combines a strategic location with a rare blend of functionality, flexibility, and income-producing potential. Whether you're looking to continue operating a preschool, establish a church, create office space, launch a nonprofit, open a professional practice, or explore other approved uses, opportunities like this are rarely available.(SBA or DSCR Style Loans may be best for this property)
Location
Lancaster, Los Angeles County, CA 93534
Listed by: Nancy Uribe · The Real Estate Place
Payment estimate
$3,503
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $45,000 · Loan: $405,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,565
- Property tax (1.25%)
- $469
- Homeowners insurance
- $300
- Mortgage insurance
- $169
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Lancaster, CA in context
Lancaster is the largest city in the Antelope Valley and the heart of Mike Watson’s service area, covering ZIP codes 93534, 93535, and 93536. From the historic BLVD downtown to West Lancaster’s master-planned communities and the rural acreage of Antelope Acres, Lancaster offers more housing variety than any other AV city. Whether you’re shopping for your first home, an investment property, or your forever house with a view, the listings below are pulled live from the MLS. If you are evaluating homes in Lancaster, Mike Watson lives and works the Lancaster 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 $15,750 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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