Single-Family Home with LCM1 1/2-B1
42735 E 2nd Street Lancaster, CA 93535
New
42735 E 2nd Street, Lancaster, CA, 93535
$377,000
For Sale
$377,000
COMMERCIAL - Lancaster, CA
Property Size1,100 SF
Lot Size0.50 Acres
Price / SF$342.73
Days on Market2
Property Features for 42735 E 2nd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Lcm11/2-B1
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 3126-029-034
- Size
- 1,100 SF
- Lot size
- 0.50 Acres
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Building materials
- Stucco, Wood Siding, Shingle Siding
Listing agency
Realty Executives Platinum
(661) 272-2727
Listed by
Donna Oehler · License #01316711
(661) 618-9444
Added: Jul 20 Checked: Jul 21 at 3:06PM
MLS# 26005610
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 42735 E 2nd Street in Lancaster, this 3-bedroom, 1-bath single-family home sits on a 0.5-acre lot. The home is offered “as-is” and described as comfortable, with a note that it may benefit from some TLC.
This property is zoned LCM11/2-B1. The listing highlights the value of the zoning and advises buyers to verify all permitted uses, zoning and development potential, and any ADU or other future improvement possibilities with the appropriate agency.
This property is zoned LCM11/2-B1. The listing highlights the value of the zoning and advises buyers to verify all permitted uses, zoning and development potential, and any ADU or other future improvement possibilities with the appropriate agency.
Key Highlights
- 1953‑built 3‑bedroom, 1‑bath home with stucco, wood siding, and shingle siding
- Evaporative cooling provides home cooling
- Chain link fencing on the property
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $28.80 |
| − Vacancy | −$1.7k | −$1.58 |
| EGI | $29.9k | $27.22 |
| − OpEx | −$13.5k | −$12.25 |
| NOI | $16.5k | $14.97 |
1,100 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,466 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.5K
$302.3K – $403.1K
NOI $24,187 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - 3-bedroom, 1-bath home on a 0.5-acre lot; zoned LCM11/2-B1 and offered for sale.
Where is this single family property located?
The property is located at 42735 E 2nd Street Lancaster, CA.
What is the asking price?
The asking price for this property is $377,000.
What are key features of this property?
This property features: 1953‑built 3‑bedroom, 1‑bath home with stucco, wood siding, and shingle siding; Evaporative cooling provides home cooling; Chain link fencing on the property
