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$795,000
Est. payment /mo
4.69 Acres Lot
UPDATED:
12/05/2024 03:43 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24206339
HOA Y/N No
Lot Size 4.689 Acres
Property Description
Development site in a million-dollar neighborhood! Located within Lancaster's ''semi-rural'' luxury corridor, this flat 4.69 acre land parcel has frontage on 30th Street West and is surrounded on 3 sides by the ''Premier Collection'' community. This is a highly desirable neighborhood of sprawling semi-custom single-story homes and impressive 2-story homes, most of which are over 4,000 sqft. Homes in this neighborhood are frequently selling for over $1,000,000. The subject property is a true ''in-fill'' lot, as it is the missing piece that would complete the Premier Collection. West Avenue M-6 is a stub street that terminates at the west side of the property, and it could be easily extended through this property to create a tract. Homes could then be built on each side of the street. The property owner previously obtained a tract map (TTM 66793), now expired, yielding 8 half-acre lots. A developer could therefore purchase this property, re-apply for the tract map, and build 8 estate homes that could sell for well in excess of $1,000,000 each. There is currently strong demand for luxury new homes in the Antelope Valley. Another option is for a developer to utilize the new ADU laws and build 16 ''build to rent'' homes on the 8 lots, which would be in very high demand due to the location. The seller also previously obtained a water letter, grading report, and environmental report. Water, sewer, gas, and electricity connections are all present. A water meter box appears to be present alongside 30th St. Paraclete High School, a well-regarded private school, is right down the street. Additionally, this property may also be well-suited to someone looking for an oversized lot to build a sprawling custom estate with ample room for a tennis court, horse facilities, guest houses, etc. This is truly a rare find; a luxury in-fill land parcel nestled within one of the Antelope Valley's most desirable residential areas.
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LCA22*
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 No
View None
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer
Water Public, See Remarks
New Construction No
Others
Senior Community No
Tax ID 3111014006
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Mark Mestepey • Castlestone Properties, Inc. • 818-624-0099
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935