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E Ave N/150th St E Lancaster, CA 93535
- Vacant Land / Owner Financing
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Property Details for null St, Lancaster, CA 93535
Facts
- Property ID : View Details
- MLS Number : View Details
- Property Type : View Details
- County : View Details
Sale Type
This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.
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.
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Property Brokerage:
Castlestone Properties, Inc.
602 Commerce Ave. Ste F, Palmdale, CA 93551
Palmdale
CA
93551
Copyright © 2024 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.