0 E Ave N/150th St E E Active

Lancaster,CA 93535

$ 695000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25166460

Lot Size 110.818 Acres

Property Description

Unbelievable price for a prime residential development site! 110 acres of flat, in-fill land in the Lake LA area of the Antelope Valley. Only $6,272 per acre. 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.

Location

State CA

County Los Angeles

Area Lac - Lancaster

Zoning LCA1

Exterior

Community Features Rural

View Y/N Yes

View Mountain(s)

Building

Lot Description Corner Lot

Water Public

New Construction No

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

View More
Favorite Go Tour