Mark Mestepey
Castlestone Properties, Inc.
818-993-0099
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.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 110.8517
Lot Size Source: Assessor
Lot Size Square Feet: 4828700
Original List Price: 795,000
Listing Contract Date: 2023-12-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 3069019005
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: LAC - Lancaster
Directions: Property is bounded by Ave N to the north, 150th to the west, N8 to the south, and 155th to the east.
Zoning: LCA1
Source Property Type: Land
Area: LAC - Lancaster
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
46 Vac/cor 46th Stw/lum.., Lancaster, CA,93535 | $60,000 | -- | -- | -- | 54733 Sqft |
80 Street E. And Avenue.., Lancaster, CA,93535 | $42,000 | -- | -- | -- | 435600 Sqft |
206 Street E. And Avenu.., Lancaster, CA,93535 | $22,000 | -- | -- | -- | 435600 Sqft |
215 Street E And Avenue.., Lancaster, CA,93535 | $19,500 | -- | -- | -- | 217800 Sqft |
221 Street E. And Avenu.., Lancaster, CA,93535 | $27,000 | -- | -- | -- | 435600 Sqft |
235 Street E. And Avenu.., Lancaster, CA,93535 | $27,000 | -- | -- | -- | 43560 Sqft |
135 Street E. And Avenu.., Lancaster, CA,93535 | $18,500 | -- | -- | -- | 155509 Sqft |
Vac/vic 178 Ste/ave K14, Lancaster, CA,93535 | $15,800 | -- | -- | -- | 56897 Sqft |
Vac/vic Avenue I/235 Ste, Lancaster, CA,93535 | $19,900 | -- | -- | -- | 115116 Sqft |
Avenue I At 120th St East, Lancaster, CA,93535 | $42,500 | -- | -- | -- | 368871 Sqft |
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ByOwner last updated this listing 06/12/2024 @ 13:02
MLS: SR23228791
LISTED BY: Mark Mestepey, Castlestone Properties, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.