$990,000

E Ave N150Th St E , Lancaster, CA 93535

 
Bedrooms:0 beds
Bathrooms:0 baths
Land:0 sqft
Lot:Unknown
Year Built:--
Listing Status:Active

Listing Agent

Mark Mestepey
http://www.castlestoneproperties.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Prime residential development site in Lake LA. 110 acres of flat, infill land. Only $9,000 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. Owner will consider a long-term land loan. 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.

Detailed Items

Other Information

E Ave N150Th St E, Lancaster, CA, 93535 is a land listing of 0 sqft on a lot of Unknown. This land listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to propertyE Ave N150Th St E, Lancaster, CA
Copyright © 2025 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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