Property Details
About this Property
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 acr
MLS Listing Information
MLS #
CRSR23228791
MLS Source
California Regional MLS
Days on Site
369
Parking, School, and Other Information
HOA Fee
$0
Zoning
LZ
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
0 E Ave N/150th St E is in Lancaster, CA 93535. This Land is currently priced at $795,000. This address can also be written as 0 E Ave N/150th St E, Lancaster, CA 93535.
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This listing information is up-to-date as of April 17, 2024. For the most current information, please contact Mark Mestepey
