E Ave N/150th St E - Residential LAND FOR SALE


Lancaster, CA 93535 4,827,219 SF
$695,000 USD
818-624-0099
E Ave N/150th St E, Lancaster, CA for Sale
$695,000 USD
Residential LAND - FOR SALE
1/11
4,827,219 SF

E Ave N/150th St E
Lancaster, CA 93535


OVERVIEW

Unbelievable price for a prime residential development site! 110 acres of flat, in-fill land in the Lake LA area of the Antelope Valley. Only $6,272 per acre. One of the few large, undivided land parcels within Lake LA. This is NOT 110 acres in the middle of the desert. Instead, this substantial property is nestled within an established neighborhood with utilities and paved street frontage. The street frontage is present on all 4 sides, with existing housing tracts across the street on 3 sides. Water, electricity, and gas services are all available at the street. Home values are strong in Lake LA, with existing homes in the area selling in the $400k+ range. This 110-acre property can be purchased for the price of less than 2 typical homes in the area. This property also sold for $1.2m in 2007. As such, this property is a tremendous value with a wide variety of potential uses. The current zoning is "light agricultural", with 2-acre lot minimums. Thus, per an engineer's preliminary feasibility report, the property can be subdivided into approximately 34 2-acre lots without any zone changes. Other possible uses within the current zoning include building a large ranch w/custom home, solar farm, or a mobile home park. With a zone change to 1-acre lot minimums, which would put it in line with the rest of Lake LA, the property can be subdivided into approximately 67 1-acre lots. Developers may be able to build a subdivision of new construction ranch homes that can sell for $400-500k+ or build a subdivision of "Build to Rent" homes with ADU's and Junior ADU's to double or even triple the density. Utilizing these ADU laws, along with the previously mentioned zone change, a 67-lot subdivision may potentially allow for 201 units. With that said, this property is truly a rare opportunity. Whether it's someone just looking for huge expanse of raw land with a great in-fill location, or a developer looking for the perfect development site, this property is ready for your vision.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/ACRE

$6,272/AC

PRICE/SF

$0.14 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

110 Acre Residential Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

110.82 AC

LAND SF

4,827,218 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

3069-019-005

ASK ABOUT THIS PROPERTY

Mark MestepeyCastlestone Properties, Inc.More Info
818-624-0099

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Mark MestepeyCastlestone Properties, Inc.More Info
818-624-0099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.