Homes for sale - 0 E Ave N/150th St E, Lancaster, CA 93535

Lancaster, CA 93535,0 E Ave N/150th St E

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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 795,000

Est. payment | -/mo

110.85 Acres Lot

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$ 795,000

Est. payment | -/mo

Save

110.85 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR23228791

HOA Y/N No

Lot Size 110.852 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area Lac - Lancaster

Zoning LCA1

Interior

Fireplace No

Exterior

Community Features Rural, Suburban

Utilities Available Electricity Available, Water Available

View Y/N Yes

View Desert, Mountain(s)

Building

Lot Description Lot Over 40000 Sqft

Water Public

New Construction No

Others

Senior Community No

Tax ID 3069019005

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Special Listing Condition Standard

Listed by Mark Mestepey • Castlestone Properties, Inc. • 818-624-0099

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

0 E Ave N/150th St E Lancaster, CA 93535

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

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0 E Ave N/150th St E