0 E Ave N/150th St E, Lancaster, CA 93535 - Berkshire Hathaway HomeServices California Properties
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0 E Ave N/150th St E, Lancaster, CA 93535

$795,000 Approx. USD 0 beds, 0 baths

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Listing Agent


Mark Mestepey | markmestepey@gmail.com
Lic#: 01991537
Broker: Courtesy of Castlestone Properties, Inc.

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# SR23228791
List price is $795,000 Reduced by $140,000 on 4/17/2024
Price: $795,000
HOA Fee is $0.00
Beds: 0
Baths: 0
110.85 acres
Lot size: 110.8517
County: Los Angeles
Zoning: LCA1
Lot description: Lot Over 40000 Sqft
MLS area: LAC - Lancaster

Last Updated: 11/4/2024

 Days On Market (DOM): 503

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This listing belongs to the LAC - Lancaster MLS area

Lat/Long: 34.627828, -117.855890.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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