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E Ave N/150Th St E

Lancaster, CA 93535

$795,000

List Price

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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.

Listing Information

List Price $795,000
Status Active
MLS 23008788
Type Land
Lot Size 4,827,319
Structure Size N/A
DOM 306
Courtesy Of Castlestone Properties, Inc.
Listing Agent Mark Mestepey DRE#01991537

Interior Features

Total Bedroom
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Exterior Information

Maps

home_work Nearby Properties

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$795,000

king_bed N/A
shower N/A
straighten N/A
straighten 4,828,700
0 E Ave N/150Th St E,

Lancaster, CA 93535
Image

$50,000

king_bed N/A
shower N/A
straighten N/A
straighten 39,516
41061 158Th Street,

Lancaster, CA 93535
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$439,900

king_bed 3
shower 2
straighten 1,384
straighten 38,448
40734 152Nd Street,

Lake Los Angeles, CA 93535
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$439,900

king_bed 3
shower 2
straighten N/A
straighten 38,436
40734 E 152Nd Street,

Lake Los Angeles, CA 93535
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$60,000

king_bed N/A
shower N/A
straighten N/A
straighten 39,491
15145 Newmont Avenue,

Lake Los Angeles, CA 93535

Listing information courtesy of: Mark Mestepey, Castlestone Properties, Inc. 818-624-0099. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 3:24 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.