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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,000,000

Est. payment | -/mo

98.89 Acres Lot

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$ 1,000,000

Est. payment | -/mo

Save

98.89 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24010300

HOA Y/N No

Lot Size 98.885 Acres

Property Description

Exceptional development site in Lake LA, on the popular "Palmdale side" of the area. At just under 100 acres (100 acres gross), this rectangular infill parcel is ripe with opportunity, and is one of the few large, undivided land parcels within the area. Attractive seller financing available. Owner will consider a long-term land loan. The parcel has paved streets on 3 sides, with one of them being 170th St E, which is the main north-south thoroughfare through Lake LA. It has a hard corner at 170th and Ave Q, which is another main street. The north side of the parcel is abutted by an existing housing tract, with 4 feeder streets that can be easily extended onto this property, allowing a developer to "complete" the housing tract to the north of the parcel, which is essentially in an unfinished state at the moment. Potential mobile home park development site. There may even be commercial potential with this property, owing to the frontage on 170th street and the hard corner of 170th/Q. Some or all of the lot may be re-zoned to commercial, and it could make a great location for a gas station or shopping center. Water, electricity, and gas services are all available. There are also nice views of the buttes to the west and mountains to the south. 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 2008, when home prices in this area were roughly half of what they are currently. Possibilities for a housing developer include subdividing the property to mirror the existing street layout to the north 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. At $9,500 per acre, this property is a great price for a nearly 100 acre infill parcel with main street frontage, and 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, and a large contiguous parcel on the "Palmdale side" of Lake LA presents a tremendous opportunity.

Location

State CA

County Los Angeles

Area Plm - Palmdale

Zoning LCA12*

Interior

Fireplace No

Exterior

Community Features Rural, Suburban

View Y/N Yes

View Mountain(s)

Building

Lot Description Lot Over 40000 Sqft

Water Public

New Construction No

Others

Senior Community No

Tax ID 3075005001

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Mark Mestepey Castlestone Properties, Inc. 818-624-0099, DRE #01991537

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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0 E Ave Q/170th St E Palmdale, CA 93591