Property profile

42239 Sierra Hwy Lancaster, CA 93535

OFF-MARKET
Investment properties
Property ID
US10-0102698
1,384 SF 0.62 ac lot Built 1952
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use investment property in Lancaster, CA, presents a compelling opportunity. Located at 42239 & 42247 Sierra Highway, this property boasts a total of 1,384 square feet across three units within two single-story buildings, constructed in 1952. Situated on a substantial 27,182 square foot lot, the property offers significant potential for various uses, subject to the LRC3* permitted zoning. The asking price is $595,000, translating to $325 per square foot for the building and $325 per square foot for the land. The property's strategic location near a diverse range of businesses, including auto shops, motels, and construction companies, enhances its appeal. Its proximity to a gas station and the courthouse further adds to its convenience and accessibility. This property is ideal for investors seeking a versatile asset with substantial upside potential in a thriving area. The property features two bedrooms and two bathrooms. The APN is 3128-014-009. This is a rare opportunity to acquire a well-positioned mixed-use property in a high-growth area of Los Angeles County.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1952
Construction TILT-UP CONCRETE
Total area 1,384 SF
Lot 0.62 ac (27,182 SF)
Zoning code LRC3*
APN 3128-014-009
UPID US10-0102698

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Vehicle Inspection Center

Location

42239 Sierra Hwy Lancaster, CA 93535-5328
Lancaster metro Census 900704 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2025
Last sale
$490,000
7 recorded transactions
2025
$490,000
2024
$450,000
2024
Price N/A
2020
Price N/A
2007
Price N/A
2007
Price N/A
1996
Price N/A

Zoning & alternative use

LRC3* · Lancaster, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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