Residential Development Opportunity | 8.69 Acres | Density Upside for approximately 100 residential units
Four contiguous, multi-residential-zoned parcels totaling 8.69 acres, with frontage along 15th Street East, Avenue I, and Kettering Street in Lancaster, California, are offered at a discounted bundled price. The property presents a compelling opportunity for residential development, re-entitlement, and potential tract development with a stated maximum yield of up to 133 residential dwelling units, subject to applicable approvals.
The overall site benefits from a split General Plan designation that provides flexibility in product type, lot configuration, and overall development yield. Approximately 1.92 acres (Assessor Parcel Numbers: 3147-001-049 & 3147-001-050) are designated LRR 36.6 UDP, allowing for up to 36.6 dwelling units per acre under a supportive Lancaster Urban Development Plan. An additional 2.26 acres (Assessor Parcel Number: 3147-001-044) are designated Medium Density Residential (MDR), permitting up to 15 dwelling units per acre, while approximately 4.51 acres (Assessor Parcel Number: 3147-001-043) are designated Urban Residential (UR), allowing for up to 6.5 dwelling units per acre.
This is a strategic opportunity for builders, developers, and investors seeking residential land with multiple density designations, frontage, and upside potential.
Note: Although it has expired, a previously approved Tentative Tract Map (TTM) for 38 R-7000 single-family lots, originally approved in 2005, establishes a strong entitlement baseline. After it expired, the City upgraded the front 6.5 acres to higher densities, including a zoning change from UR to LRR36.6UDP & MDR. The TTM still provides significant carry-forward value, including prior engineering studies, site planning, and a detailed record of municipal conditions of approval. This groundwork might materially reduce entitlement risk, inform updated yield scenarios, and accelerate the new submittal process. Early estimates suggest that a new map for approximately 100 residential units could possibly be approved.
This listing includes four separate parcels being sold together. APNS: 3147-001-043, 3147-001-044, 3147-001-049, 3147-001-050. The properties are offered at a discounted bundled price of $700,000. Parties interested in purchasing any lot individually at retail will have their offer considered on a case-by-case basis.