0 E Ave N/150th St E East, Lancaster, CA 93535

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$1,000,000

Est. payment - /mo

110.82 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25166460

Lot Size 110.818 Acres

Property Sub-Type Lots/Land

Property Description

Prime residential development site! 110 acres of flat, in-fill land in the Lake LA area of the Antelope Valley. 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

Location

State CA

County Los Angeles

Direction Property is bounded by Ave N to the north, 150th to the west, N8 to the south, and 155th to the east.

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 3069019005

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Listed by Mark Mestepey Castlestone Properties, Inc.

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0 E Ave N/150th St E East Lancaster, CA 93535