0 E Ave Q 170th St E Unit SR24010300 Palmdale, CA 93591
Estimated payment $6,217/month
Total Views
3,330
99
Acres
$9,607
Price per Acre
4,307,452
Sq Ft Lot
Highlights
- 98.89 Acre Lot
- Mountain View
- No HOA
About This Lot
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.
Listing Agent
Castlestone Properties, Inc. Brokerage Phone: 818-624-0099 License #01991537
Property Details
Property Type
- Land
Lot Details
- 98.89 Acre Lot
- Rural Setting
- Property is zoned LCA12*
Additional Features
- Mountain Views
- Suburban Location
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 3075005001
- $152 per year additional tax assessments
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/18/2024 01/18/24 | For Sale | $950,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Properties in Palmdale, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24010300
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