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$795,000
0 Sqft
4,828,700 Sqft lot

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

  • Land Property Type
  • 321 Days Time on market
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.

Basic Details
Land
Buy
SR23228791
$795,000
0 Sqft
4,828,700 Sqft
Active
Lots/Land
Lots/Land
Features
: Mountain(s), Desert
: Suburban, Rural
$0
Address
CA
Los Angeles
Lancaster
93535
0 E Ave N/150th St E
0
0
W118° 8' 38.8''
N34° 37' 40.2''
Additional Information
321
0 Sqft
0 Sqft
0 Sqft
110.85 Sqft
4,828,700 Sqft
1
0 Sqft
LCA1
3069019005
$0
$0
$0
$0
1
$0
$0
0 Sqft
1
0 Sqft
$0
1
06/02/2024 00:00:00
$935,000
: Standard
Cash,Owner May Carry
Property is bounded by Ave N to the north, 150th to the west, N8 to the south, and 155th to the east.
Destrahan
Harry Hurst
Castlestone Properties, Inc.
Mark Mestepey
F6460035
SR150560074
$0
410
1
: Lotover40000sqft
1
: Electricity Available, Water Available
1
At street
8
US-06037-N-3069019005-R-N
19/10/2024 11:41:20
E Ave N/150th St E
LAC - Lancaster
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