Building Details

Year built 1953

Floors in Building 1

Building materials Stucco, Wood Siding, Shingle Siding

Listing Agency: Realty Executives Platinum · Realty Executives International r***@genari.com Show Phone

Listed By: Donna Oehler · License #01316711 Show Phone

Added: Jul 20 Changed: Oct 8 Last Checked: Oct 16 at 4:06PM

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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.

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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.

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,466

Cap Rate

4.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$329,320 $329.3K

Cap Rate 7%

$235,229 $235.2K

Cap Rate 9%

$182,956 $183.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$31.7K $28.80/SF

− Vacancy

−$1.7K −$1.58/SF

EGI

$29.9K $27.22/SF

− OpEx

−$13.5K −$12.25/SF

NOI

$16.5K $14.97/SF

Area

Lancaster, CA

Vacancy

5.50%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$329,320

Cap Rate 7%

$235,229

Cap Rate 9%

$182,956

Alternative Uses

Best Use

Apartment 5plus

$235.2K

$205.8K – $274.4K (±1% cap)

NOI $16,466 @ 7.0% cap · market cap 4.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$345.5K

$302.3K – $403.1K (±1% cap)

NOI $24,187 @ 7.0% cap · market cap 6.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Single family properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Nail Salon Law Firm Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

293

Businesses Nearby

Explore this area Business Placement

Demographics for 93535, CA

82,149

Population

23,917

Households

3.4

Avg Household Size

31

Median Age

14%

College-Educated

78%

High-School Grad

239.0 sq mi

ZIP Area

344

Density / Sq Mi

$65,989

Median Household Income

$41,834

Median Earnings

$1,650

Median Rent

$336,200

Median Home Value

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Frequently Asked Questions

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 $349,000.

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