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0 E Ave N/150th St E, Lancaster, CA 93535
$795,000
0 E Ave N/150th St E, Lancaster, CA 93535View this property at 0 E Ave N/150th St E, Lancaster, CA 93535
0 E Ave N/150th St ELancasterCA93535
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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.
Full Property Details
Full Property Details for 0 E Ave N/150th St E
General
- Price: $795,000
- Status: Active
- Type: Lots/Land
- MLS ID: SR23228791
- Updated: 4/17/2024
- Days on Market: 132 days
- Added to Site: 132 day(s) ago
Location
- Area: LAC - Lancaster
- County: Los Angeles
- Development Name: LAC - Lancaster
- Driving Directions: Property is bounded by Ave N to the north, 150th to the west, N8 to the south, and 155th to the east.
- Dist. to Beach: At street (Miles)
Utilities
- Water: Public
- Dist. to Water: At street
- Utility Description: Electricity Available, Water Available
Lot Features
- Property View: Desert, Mountain(s)
- Lot Size (Acres): 110.8517
- Lot Size (Sq. Ft.): 4,828,700
- Lot Size Source: Assessor
- Zoning: LCA1
- Lot Description: Rural, Suburban
Financial Considerations
- Price Per Sq. Ft.: $.16
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
Listed by Castlestone Properties, Inc., Mark Mestepey
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Price & Sales History for 0 E Ave N/150th St E
Date
Details
Price
Change
Source
4/17/2024
Price Reduced
$795,000
-14.97%
MLS
12/20/2023
Listed
$935,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 E Ave N/150th St E
0 E Ave N/150th St E, Lancaster, CA 93535 (MLS# SR23228791) is a Lots/Land property with a lot size of 110.8517 acres. 0 E Ave N/150th St E is currently listed for $795,000 and was received on December 20, 2023. Want to learn more about 0 E Ave N/150th St E? Do you have questions about finding other Lots/Land real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.