$575,000
41016 150th Street East, Lancaster, California 93535, United States
Spacious single-level living with ADU potential in Lake Los Angeles
3
Beds
2
Baths
1,573
Sq Ft
1916
Built
10.06 acres
Lot
none
Garage
The first thing that registers here is scale: 10.06 acres of level, usable land framed by a fully renovated ranch house and a substantial 1,300-square-foot barn that opens countless possibilities. Located on 150th Street East in Lake Los Angeles, this single-story stucco home has been refreshed throughout — a new kitchen, modernized bathrooms, and updated flooring give the 1,573-square-foot floorplan a crisp, contemporary feel while preserving the property’s rural character.
Step inside and the renovation details are immediately evident. The home offers three bedrooms and two bathrooms arranged for practical, everyday living on one level. New finishes and updated systems (central heat and air) create a comfortable environment ready for move-in. Utilities reflect rural independence: water from a well, septic service, propane for gas, and electricity via Southern California Edison. There’s no attached garage, but the grounds provide generous parking — the assessor notes ample room for vehicles, trailers, or recreational toys.
Outside, the property reads like a small acreage estate. The barn is a standout asset: at roughly 1,300 square feet it’s structurally significant and a prime candidate for conversion to an accessory dwelling unit (subject to permits and zoning review). With light agricultural zoning (LCA11*) and a flexible land-use profile, buyers who want horses, hobbies, storage, or an on-site rental opportunity will find the parcel compelling.
The Lake Los Angeles setting offers rural quiet with community amenities within a short drive — Lake Los Angeles Park, Stephen Sorensen Park, and the local community center are all nearby. While local school ratings are below county averages, this property’s combination of renovated living space, expansive acreage, and ADU opportunity creates an attractive ownership or investment proposition. Sellers have positioned the listing at $575,000 to reflect the improvements, large lot, and income potential that smaller nearby comparables do not provide.
Lake Los Angeles is a rural residential enclave within the Antelope Valley that attracts buyers seeking space, privacy, and recreational opportunity. The community balances quiet country living with community amenities—local parks, a community center, and open desert landscapes are all within a short drive. Properties here often include larger lots, equestrian uses, and hobby farms. While school ratings are below county averages, the area appeals to buyers prioritizing acreage, outdoor lifestyle, and distance from dense urban cores.
The Lake Los Angeles segment of the Antelope Valley is currently a balanced market that slightly favors sellers for unique, well-located acreage. Inventory sits at about 3.5 months with average days on market near 60 — a cadence that points to measured buyer activity rather than a rush. Median sale prices in the immediate area are roughly $420,000; single-family homes with standard lots trade near that median, while substantially larger parcels and properties with usable agricultural buildings command premiums. Recent comps show a range of outcomes: nearby sales in 2025 varied from the low $200Ks (smaller, dated homes) to the mid-$400Ks; this renovated ranch is listed at $575,000, reflecting upgrades, the 10-acre footprint, and the 1,300 sf barn.
For buyers focused on income or long-term value, now is an opportune time to consider a property like this. Mortgage rates and buyer demand have moderated, giving purchasers the leverage to evaluate renovation-to-income strategies (such as barn-to-ADU conversion). For investors, local rental comparables imply monthly rents in the $2,400–$2,700 range for similarly sized dwellings; converting the barn could augment cash flow and cap-rate potential. Verify permitting pathways with Los Angeles County and factor in inspection items for a 1916-built residence, but the data suggests steady appreciation — about 5% year-over-year and roughly 15% over five years — supporting both owner-occupier and investor theses.
Vista San Gabriel Elementary School
Elementary
Challenger Middle School
Middle
Littlerock High School
High
Very good access to outdoor recreation with Lake Los Angeles Park and Stephen Sorensen Park within three miles, ample private acreage for equestrian or recreational uses, and community recreational facilities nearby.
41016 150th Street East is a 3-bedroom, 2-bathroom ranch-style home built in 1916, offering 1,573 square feet of living space on a 10.06-acre lot in the Lake Los Angeles area of Lancaster, California. The property has been fully renovated, featuring a new kitchen, modern bathrooms, and updated flooring throughout. A notable feature is the 1,300 sq. ft. barn, presenting potential for conversion into an additional dwelling unit (ADU), enhancing the property's versatility and value.
From a valuation perspective, the property is currently listed at $575,000, equating to approximately $366 per square foot. This pricing aligns with recent comparable sales in the area, adjusted for the extensive renovations and substantial lot size. The assessed value for 2025 stands at $194,837, with annual property taxes of $2,609. The significant difference between the assessed value and the listing price reflects the recent improvements and market appreciation.
Lake Los Angeles is a rural community offering a tranquil lifestyle with access to local amenities such as Lake Los Angeles Park and Stephen Sorensen Park, both within a 3-mile radius. The area provides opportunities for outdoor activities and community engagement, appealing to those seeking a peaceful environment away from urban centers.
The local real estate market has demonstrated steady appreciation, with a 5% increase over the past year and a 15% increase over the past five years. The average days on market is approximately 60 days, indicating a balanced market. The median sale price in the area is around $420,000, suggesting that this property is competitively priced given its size, condition, and potential for additional income through ADU conversion.
Overall, 41016 150th Street East presents a compelling opportunity for buyers seeking a renovated home on a substantial lot with potential for expansion. The property's features, combined with the steady market trends and rural charm of Lake Los Angeles, make it an attractive option for those looking to invest in a versatile and spacious property.
Renovated ranch-style home on a substantial lot with potential for additional income through ADU conversion, situated in a steadily appreciating market.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$550K
Midpoint
$575K
High
$600K
$366/SF estimated price per square foot
Sales comparison approach using recent comparable sales within the area, adjusted for lot size, condition, and amenities. Income approach considered potential rental income from main house and possible ADU conversion of barn.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
The area has experienced modest population growth with a stable median income over the past five years.
The property is situated in a rural residential area with nearby parks and community centers offering recreational opportunities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$127/SF
Public record sale
$102/SF
Public record sale
$112/SF
Public record sale
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