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2301 Vac/Ave I Pav /Vic 23th Ste Lancaster, CA 93535
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Key Details
Sold Price $200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22035000
Sold Date 04/26/22
HOA Y/N No
Lot Size 5.070 Acres
Property Description
Incredible MDR zoned land available for purchase. Directly adjacent to an existing large subdivision and surrounded with developing potential. Lancaster Planning & Development zoned this lot for 6-15 units per acre, but also stated that they will allow more units if desired. That could translate into $90,000.00 a month in total unit rental revenue, or $11,250,000.00 in gross sales revenue. Those figures can increase or decrease depending on how the units are built out. One of the best advantages of this parcel is that it already has direct access by two paved roads! Most undeveloped land in this area doesn't come with that kind of advantage. If you are a developer looking for land or an investor looking for a great piece to build your portfolio... this is the land you are looking for. Listed well below current market value so get your offers in today!
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRL1
Interior
Fireplace No
Exterior
Community Features Suburban
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Mountain(s)
Building
Lot Description Lot Over 40000 Sqft, Level, Near Public Transit, Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 3154002034
Acceptable Financing Cash, Private Financing Available
Listing Terms Cash, Private Financing Available
Financing Cash
Special Listing Condition Standard, Trust
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Bought with MLS Non Member Non Member MLS
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327