$294,999

Ave I Pav Vic 23th Ste

Lancaster CA, 93535

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!

Details

MLS#19011508
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site445

Features

ZoningMDR1
Acreage5.07
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Area Information
StateCA
CountyLos Angeles
CityLancaster
Zip Code93535
Area04 - Lanc Div to 90th E
Listing VS Median (in 93535)
Price:
$294,999
low | high
Med:
$35,000
100% of Average
On Site:
445
low | high
Med:
138
100% of Average
Listing Updated: January 16, 2021 8:03:02 PM PST
Jason P Bruce LogoMLS Number: 19011508
Listing Provided By:
Jason P Bruce  of  Century 21 Doug Anderson
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the The Greater Antelope Valley Association of REALTORS®.