$380,000
●
House -
Off Market
1027 Morven Street
Lancaster, CA 93535
2 Beds
1 Bath
989 Ft²
$1,768
Est. Monthly
About This Property
Welcome to this cozy and well-maintained 2-bedroom, 1-bath home
nestled in a quiet, friendly neighborhood in Lancaster. Perfect for
first-time buyers, small families, or those looking to downsize,
this home offers a comfortable layout with plenty of natural light
throughout.
Enjoy a spacious living area, a functional kitchen with ample cabinet space, and two generously sized bedrooms. The bathroom is clean and updated, offering both style and convenience. Outside, you'll find a private backyard-ideal for relaxing, gardening, or entertaining guests.
Conveniently located near schools, parks, shopping, and major freeways, this property offers the perfect blend of comfort and accessibility. Don't miss the chance to make this lovely Lancaster home your own!
Enjoy a spacious living area, a functional kitchen with ample cabinet space, and two generously sized bedrooms. The bathroom is clean and updated, offering both style and convenience. Outside, you'll find a private backyard-ideal for relaxing, gardening, or entertaining guests.
Conveniently located near schools, parks, shopping, and major freeways, this property offers the perfect blend of comfort and accessibility. Don't miss the chance to make this lovely Lancaster home your own!
Unit Size
989 Ft²
Days on Market
68 days
Land Size
0.17 acres
Price per sqft
$364
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #SR25084147)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | Price Decreased |
$359,999
↓ $10K
(2.7%) | |
| Price Decreased | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$369,999
↓ $8K
(2.1%) | |
| Price Decreased | |||
| Apr 16, 2025 | Listed by San Fernando Realty, Inc. | $378,000 | |
| Listed by San Fernando Realty, Inc. | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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About Challenger
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Listed by: Armando Sandoval, San Fernando Realty, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR25084147
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SR25084147
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