$ 950,000
0 E Ave Q/170th St E Palmdale, CA 93591
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$ 950,000
Est. payment | /mo
98.89 Acres Lot
$ 950,000
Est. payment | /mo
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. 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, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Listed by Mark Mestepey • Castlestone Properties, Inc. • 818-624-0099
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Kelly McLaughlin
REALTOR® | Lic# 01475708