40500 159th St E, Lancaster, CA 93535 - View 1
40500 159th St E, Lancaster, CA 93535 - View 2
40500 159th St E, Lancaster, CA 93535 - View 3

40500 159th St E, Lancaster, CA 93535

List Price: $369,999On Market FlagOn market
Mar 27, 20251,134 sqft3 beds2 baths
Listed by: Mario Menjivar
License #: 01805079
Phone #: 818-429-6133
eXp Realty of California Inc
Source:
CRMLS Logo
MLS #: SR25067788

Property Description

Welcome to this beautifully upgraded three bed two bath home sitting on a massive 55,000 square foot lot in the heart of Lake Los Angeles. This property offers a rare combination of comfort, space, and flexibility with just the right touch of opportunity to make it your own. The seller has already begun cosmetic improvements, and while the home is fully livable as-is, a few final touches will truly make it shine. Step into a bright and open living room filled with natural light and anchored by a cozy fireplace. The kitchen has been recently updated with new tile flooring, and the home features fresh interior and exterior paint for a clean modern feel. Most appliances stay, making move-in easy and hassle-free. The master suite is designed as a personal retreat with custom lighting, elegant mirrors, and peaceful vibes throughout. The fully insulated garage offers excellent potential to be converted into extra living space, an office, or even a guest unit. With access to three different streets — East Avenue O, 165th Street East, and Sweataire Street — the lot is uniquely positioned for development, additional units, or multi-family living with private entries. Another standout feature is the paid-off solar system and EV charger, giving you not just free electricity but actual credits back. Enjoy summers with a newer three ton AC unit and power your electric vehicle while keeping your utility bills in the negative. It’s energy independence and comfort rolled into one. Outside, this horse-zoned lot is a blank canvas perfect for animals, building, hobby farming, or creating the family compound of your dreams. Located right off Main Street with easy access to schools, shopping, and local amenities, it offers the perfect blend of convenience and privacy. This is a rare find with land, flexibility, and upside potential. Whether you're looking for a place to live, invest, or build something special, this property checks all the boxes. Schedule your showing today before it's gone.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$5,328

TurboHome Estimated Value

$362,600

$320 sqft

High Valuation
$380,730
$336/sqft
Normal Valuation
$362,600
$320/sqft
Low Valuation
$344,470
$304/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$320/sqft$362,600

Neighborhood

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Comparative Value

$335K

$370K

$385K

$396K

$412K

$434K

16237 Sweetaire Ave, Lancaster, CA 93535

Sale Price: $335,000

Selected Comparable

40500 159th St E, Lancaster, CA 93535

List Price: $369,999

Subject Property

40520 159th St E, Lancaster, CA 93535

Sale Price: $385,000

Selected Comparable

40545 154th St E, Lancaster, CA 93535

Sale Price: $396,000

Selected Comparable

15620 Newmont Ave, Lancaster, CA 93535

Sale Price: $412,000

Selected Comparable

16132 Valeport Ave, Lancaster, CA 93535

Sale Price: $434,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
40500 159th St E, Lancaster, CA 93535

40500 159th St E, Lancaster, CA 93535

List: $369,999

Listed: 3/27/2025

Area:1,134 sqft
Price/sqft:$326
Beds:3
Baths:2
Year Built:
Lot Size:52,403

Comparable Properties

COMPARABLE
Choose comps
40520 159th St E, Lancaster, CA 93535

40520 159th St E, Lancaster, CA 93535

Sale: $385,000

6/11/20250.13 mi

Area:1,134 sqft
Price/sqft:$340
Beds:3
Baths:2
Year Built:
Weight:21.5%
15620 Newmont Ave, Lancaster, CA 93535

15620 Newmont Ave, Lancaster, CA 93535

Sale: $412,000

7/15/20250.44 mi

Area:1,134 sqft
Price/sqft:$363
Beds:3
Baths:2
Year Built:
Weight:21.3%
16237 Sweetaire Ave, Lancaster, CA 93535

16237 Sweetaire Ave, Lancaster, CA 93535

Sale: $335,000

10/24/20240.44 mi

Area:1,134 sqft
Price/sqft:$295
Beds:3
Baths:2
Year Built:
Weight:19.0%
40545 154th St E, Lancaster, CA 93535

40545 154th St E, Lancaster, CA 93535

Sale: $396,000

11/1/20240.56 mi

Area:1,134 sqft
Price/sqft:$349
Beds:3
Baths:2
Year Built:
Weight:19.0%
16132 Valeport Ave, Lancaster, CA 93535

16132 Valeport Ave, Lancaster, CA 93535

Sale: $434,000

12/23/20240.59 mi

Area:1,134 sqft
Price/sqft:$383
Beds:3
Baths:2
Year Built:
Weight:19.0%

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