E Ave N/150th St E, Lancaster, CA 93535
Los Angeles County
Key Facts
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.
Property Information
Property Type
Land
Lot Size
110.82 acres
Zoning
LCA1
Days on Market
84
MLS® Listing#
25005770
Property Features
Utilities
Financial Details
Parcel Number
3069-019-005
Directions
Property is bounded by Ave N to the north, 150th to the west, N8 to the south, and 155th to the east.
Affordability Calculator
$200,000
Estimated monthly payment
$5,322/mo
Principal $800,000 · Est. interest $1,116,071 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lancaster, CA
- $482,380
- Median Listing Price
- 48
- Median Days on Market
- 1,737
- Median Sq Ft
- $267
- Median Price / Sq Ft
- 788
- Active Listings
- This home’s price is 107% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lancaster, CA.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15 th E Ave I, Lancaster, CA | $700,000 | — | — | — |
| 47867 80th W, Lancaster, CA | $700,000 | 4 | 4 | 2,576 |
| 44442 BEECH Avenue, Lancaster, CA | $700,000 | 4 | 2 | 2,041 |
| Avenue I And 15th St E, Lancaster, CA | $700,000 | — | — | — |
| 902 W Lancaster Boulevard, Lancaster, CA | $709,900 | — | — | 3,510 |
| 902 W Lancaster Boulevard, Lancaster, CA | $709,900 | — | — | 3,510 |
Moving Cost Estimate
Listing Courtesy: Castlestone Properties, Inc. - 8189930099