E Ave N/150th St E,Lancaster, CA 93535
Lancaster, CA 93535
Description
Prime residential development site! 110 acres of flat, in-fill land in the Lake LA area of the Antelope Valley. 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.
Details
| MLS # | 25005770 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Days On Site | 395 |
| Listing Provided By | Castlestone Properties, Inc. | Mark Mestepey |
Features
| Acreage | 110.82 |
|---|
Utilities
| Utilities | Water Available |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lancaster |
| Zip Code | 93535 |
| Area | Los Angeles |
| Listing VS Median (in 93535) | |
Price: $1,000,000 low | high Med: $349,500 On site: 395 low | high Med: 21.5 | |
Market Activity 93535
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lancaster |
| Zip Code | 93535 |
| Area | Los Angeles |
| Listing VS Median (in 93535) | |
Price: $1,000,000 low | high Med: $349,500 On site: 395 low | high Med: 21.5 | |
