2.4 Acres in Lancaster, CA

Very attractive 2.4 acres MDR zoned land available for purchase in the City of Lancaster. The land is surrounded by significant development potential. Lancaster Planning Department zoned this lot as MDR (Medium Density Residential) for 6-15 units per acre, but also stated that they might allow more units if desired. There are not many MDR zoned lots left available in the City of Lancaster, making this lot a desirable investment or development asset. The potential revenue from this land is projected at $45,000 per month in the unit rental revenue, or around $5,900,000 in gross sales revenue (the figures can increase and decrease depending on how the units are built, and the current market situation). The land is listed well below the market price, and well below some comparable lands in the area currently listed for sale. The seller will consider seller financing. This area of Lancaster underwent significant development in the past decade. The Parcel Number is APN 3147-001-039, located right on the paved road East Avenue I and in between Via Quintana & 15th St E. The nearest highways are 14 and 138. Lancaster is in the Antelope Valley, 70 miles North of Los Angeles.

The Google Maps link is just approximate: https://goo.gl/maps/v1zoVNUHRhiN3bSJ6

Call us at 818-405-0966

This land is sold as-is. Please do your own due diligence, as you should do with any land purchase.

Hablamos Espanol.