Thank you
Mark Mestepey
Castlestone Properties, Inc.
818-993-0099
Exceptional development site in Lake LA, on the popular "Palmdale side" of the area. At just under 100 acres (100 acres gross), this rectangular infill parcel is ripe with opportunity, and is one of the few large, undivided land parcels within the area. Attractive seller financing available. The parcel has paved streets on 3 sides, with one of them being 170th St E, which is the main north-south thoroughfare through Lake LA. It has a hard corner at 170th and Ave Q, which is another main street. The north side of the parcel is abutted by an existing housing tract, with 4 feeder streets that can be easily extended onto this property, allowing a developer to "complete" the housing tract to the north of the parcel, which is essentially in an unfinished state at the moment. Potential mobile home park development site. There may even be commercial potential with this property, owing to the frontage on 170th street and the hard corner of 170th/Q. Some or all of the lot may be re-zoned to commercial, and it could make a great location for a gas station or shopping center. Water, electricity, and gas services are all available. There are also nice views of the buttes to the west and mountains to the south. 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 2008, when home prices in this area were roughly half of what they are currently. Possibilities for a housing developer include subdividing the property to mirror the existing street layout to the north 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. At $9,500 per acre, this property is a great price for a nearly 100 acre infill parcel with main street frontage, and 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, and a large contiguous parcel on the "Palmdale side" of Lake LA presents a tremendous opportunity.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 98.8855
Lot Size Source: Assessor
Lot Size Square Feet: 4307453
Original List Price: 950,000
Listing Contract Date: 2024-01-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 3075005001
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: PLM - Palmdale
Directions: Lot is bounded by Ave Q to the south, 170th street to the east, 165th street to the west and homes to the north.
Zoning: LCA12*
Source Property Type: Land
Area: PLM - Palmdale
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Largo Vista Road And Av.., Palmdale, CA,93591 | $27,000 | -- | -- | -- | 396832 Sqft |
190th St. E & Ave. V, Palmdale, CA,93591 | $92,000 | -- | -- | -- | 1515452 Sqft |
190 St. E And Ave. W-12, Palmdale, CA,93591 | $42,000 | -- | -- | -- | 561924 Sqft |
Lake Los Angeles Ave, Palmdale, CA,93591 | $29,000 | -- | -- | -- | 19899 Sqft |
Vac/cor 240, Palmdale, CA,93591 | $200,000 | -- | -- | -- | 875924 Sqft |
Vac/vic Avenue L12/103 .., Palmdale, CA,93591 | $129,000 | -- | -- | -- | 224078 Sqft |
Vac/220 Ste/vic Avenue .., Palmdale, CA,93591 | $17,000 | -- | -- | -- | 95396.4 Sqft |
Vac/cor Avenue P4/220 Ste, Palmdale, CA,93591 | $12,000 | -- | -- | -- | 112401 Sqft |
145 St Eas S/o Ave O-8, Palmdale, CA,93591 | $45,000 | -- | -- | -- | 437778 Sqft |
145 St East S/o Ave O-8, Palmdale, CA,93591 | $45,000 | -- | -- | -- | 438153 Sqft |
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ByOwner last updated this listing 05/08/2024 @ 04:30
MLS: SR24010300
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.