0 E Ave n/150th St E

Unbelievable price for a prime residential development site!

110 acres of flat, in-fill land in the Lake LA area of the Antelope Valley. Only $6,272 per acre. 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 with the previously mentioned zone change, a 67-lot subdivision may potentially allow for 201 units. With that said, this property is truly a rare opportunity. Whether it's someone just looking for huge expanse of raw land with a great in-fill location, or a developer looking for the perfect development site, this property is ready for your vision.

This home located at 0 E Ave N/150th St E is currently active and has been available on pardeeproperties.com for 8 days. This property is listed at $695,000. It has 0 beds and 0 bathrooms. 0 E Ave N/150th St E is in the Lancaster community of Los Angeles County.

The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.