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.
Renovated 3BR Ranch on 10.06 Acres with 1,300 sf Barn
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.
See the properties helping shape the valuation.
Comparable sales
- 439 SF smaller
- 388,230 SF smaller lot
- 64 years newer
- 171 SF smaller
- 389,443 SF smaller lot
- 69 years newer
- 338 SF smaller
- 394,670 SF smaller lot
- 68 years newer
A 1916 ranch on 10.06 acres.
Building
Site & utilities
Lake Los Angeles
Researched nearby locations
Location
41016 150th Street East, Lancaster, CA 93535
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.
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.
A factual market snapshot around 41016 150th Street East.
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.
Light Agricultural
Zoning
Research-indicated uses
- Single Family Residential
- Agricultural
- Accessory Dwelling Unit
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 171 SF smaller
- 173 SF smaller
What the research supports — and what is still worth verifying.
Key findings
- Property listed at $575,000 ($366 per sq. ft.)
- Assessed value for 2025 is $194,837 with annual taxes of $2,609
- Recent comparable sales support current valuation
- Potential for additional income through ADU conversion of barn
- Located in a rural community with access to local amenities
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly obtained
- Assess condition of barn for potential ADU conversion
- Professional home inspection
- Review local zoning regulations for ADU conversion
What stands out about this property.
Interior Features
- 3 bedrooms, 2 bathrooms
- 1,573 sq. ft. single-story layout
- Fully renovated: new kitchen and modern bathrooms
- Updated flooring throughout
- Central heating and central air
- Stucco construction, shingle roof
- No basement
Exterior & Lot
- 10.06-acre level parcel
- 1,300 sq. ft. barn with ADU conversion potential
- Frontage on 150th Street East
- Well water and septic system
- Propane gas service
- Ample on-site parking (estimated 55 spaces)
- Light Agricultural zoning (LCA11*)
Location & Neighborhood
- Lake Los Angeles neighborhood of Lancaster (Los Angeles County)
- Nearby parks: Lake Los Angeles Park, Stephen Sorensen Park
- Lake Los Angeles Community Center within 3 miles
- Rural residential and agricultural surroundings
- Part of the Los Angeles-Long Beach-Anaheim MSA
Walkability & Recreation
- Walkability Rating: 25/100 — Car-Dependent
- Lake Los Angeles Park (approx. 2.5 miles)
- Stephen Sorensen Park (approx. 3.0 miles)
- Lake Los Angeles Community Center (approx. 2.7 miles)
- Large private acreage suitable for equestrian or hobby farming
- Nearby open space and rural trails for walking and ATVs
- Community recreation facilities within short drive
Sources & research confidence.
See where the property research came from and how confidence varies by field.