0 E Ave N/150th St E, Lancaster, CA 93535
Local realty services provided by:Better Homes and Gardens Real Estate Clarity



0 E Ave N/150th St E,Lancaster, CA 93535
$990,000
- 110.85 Acres
- Lots / Land
- Active
Listed by:mark mestepey
Office:castlestone properties, inc.
MLS#:SR23228791
Source:CAREIL
Price summary
- Price:$990,000
About this home
Prime residential development site in Lake LA. 110 acres of flat, infill land. Only $9,000 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. Owner will consider a long-term land loan. 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, t
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Home facts
- Listing Id #:SR23228791
- Added:606 day(s) ago
- Updated:July 16, 2025 at 04:23 PM
Structure and exterior
- Lot area:110.85 Acres
Utilities
- Water:District - Public
Finances and disclosures
- Price:$990,000
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