Listing by: Mark Mestepey, Castlestone Properties, Inc., 818-624-0099
0 Beds
n/a Full bath
n/a SqFt
Active
Prime residential development site in Lake LA. 110 acres of flat, infill land. Only $7,227 per acre. One of the few large, undivided land parcels within the town boundaries of Lake LA. Preliminary feasibility report yields approximately 67 1-acre lots. This parcel has street frontage on all sides, with existing housing tracts across the street on 3 sides. Attractive seller financing available. Water, electricity, and gas services are all available. Potential mobile home park development site. Home values are strong in Lake LA, with existing homes in the area selling in the $400,000+ range, and new homes are likely to sell in the $500,000+ range. This property sold for $1,240,000 in 2007, when home prices in this area were roughly half of what they are currently. This property is a great value, and it presents a tremendous opportunity for a homebuilders, subdividers, or other investors. Possibilities include subdividing the property and selling off the individual parcels, building a housing tract of new construction homes and selling them for $500,000+, or even building a tract of ''Build to Rent'' homes with ADU's to double the density. This property presents a myriad of potential uses and development opportunities. At $7,227 per acre, this property is a great price for a 110 acre infill parcel that is nestled within existing housing tracts, as opposed to a raw desert parcel with no street frontage or utilities. Buildable infill parcels of this nature are rarely available.
Property Details | ||
---|---|---|
Price | $795,000 | |
Lot Size Area | 4828700 | |
Lot Size Area Units | Square Feet | |
Acres | 110.8517 | |
Property Type | Land | |
Features | Electricity Available,Water Available | |
Exterior Features | Rural,Suburban | |
View | Desert,Mountain(s) | |
Lot Description | Lot Over 40000 Sqft | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Property is bounded by Ave N to the north, 150th to the west, N8 to the south, and 155th to the east. | |
County | Los Angeles | |
Latitude | 34.627828 | |
Longitude | -117.85589 | |
Market Area | LAC - Lancaster | |
Address Information | ||
Address | 0 E Ave N/150th St E, Lancaster, CA 93535 | |
Postal Code | 93535 | |
City | Lancaster | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Castlestone Properties, Inc. | |
Listing Agent | Mark Mestepey | |
Listing Agent Phone | 818-624-0099 | |
Buyer Agency Compensation | 3.000 | |
Attribution Contact | 818-624-0099 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 119 | |
MLS Status | Active | |
Listing Date | Dec 20, 2023 | |
Listing Last Modified | Apr 17, 2024 | |
Tax ID | 3069019005 | |
MLS Area | LAC - Lancaster | |
MLS # | SR23228791 |
This information is believed to be accurate, but without any warranty.