1500 East Avenue I - Residential LAND FOR SALE


Lancaster, CA 93535 378,536 SF
$700,000 USD
1500 East Avenue I, Lancaster, CA for Sale
$700,000 USD
Residential LAND - FOR SALE
1/5
378,536 SF

1500 East Avenue I
Lancaster, CA 93535


HIGHLIGHTS

  • Mixed Residential Zoning
  • Lancaster Location Advantage
  • Signalized Corner

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/ACRE

$80,552/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Ave I & 15th Street East

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Single Family Development

LAND ACRES

8.69 AC

LAND SF

378,536 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LRR36.6UDP, MDR & UR

APN/PARCEL ID

3147-001-043,3147-001-044,3147-001-049,3147-001-050

ASK ABOUT THIS PROPERTY

Ron HalcrowColdwell Banker Commercial - Hartwig RealtyMore Info

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Ron HalcrowColdwell Banker Commercial - Hartwig RealtyMore Info

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