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$ 275,000
Est. payment /mo
Price Dropped by $20K
3400 W Avenue M8 Lancaster, CA 93536
4.54 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25047836
Lot Size 4.536 Acres
Property Sub-Type Lots/Land
Property Description
Over 4.5 acres in prime Quartz Hill/West Lancaster! Excellent opportunity to purchase a sizable corner lot within Lancaster's ''semi-rural'' luxury corridor, a neighborhood of million-dollar custom homes and multiple gated communities. This property sits at the northeast corner of Ave M-8 and 35th west. On the southwest corner of this intersection are the highly regarded Pulte homes, in which multiple homes have traded at over $900,000 in recent months. Immediately west of this property, a developer recently submitted a 32-lot tract proposal to the city. The zoning in this area is believed to allow for 2 homes per acre, which would mean that this property could potentially provide for 8 half-acre lots, and 16 units could be built on those 8 lots with the new ADU laws. Given this potential, this property may be perfect for a custom or tract home builder. There is currently strong demand for luxury new homes in the Antelope Valley. All utilities are believed to be available nearby for connection. By virtue of having street frontage, there is no need for easements or building access roads, which is the case for some of the land parcels in this area. A church may also be a nice possibility for this property with its corner lot location within a quiet area. Lastly, 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. Typical custom home lots in this area are 2.5 acres, so this property provides more size while being similarly priced to the 2.5 acre
Location
State CA
County Los Angeles
Direction Northeast corner of W Ave M8 and 35th St W.
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 3111014025
Acceptable Financing Cash
Listing Terms Cash
Listed by Mark Mestepey Castlestone Properties, Inc.