$1,000,000
Est. $5,600/mo0 E Ave Q/170th St E, Palmdale, CA 93591
About this home
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. Owner will consider a long-term land loan. 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.
infoProperty Facts
Lot Size
4,307,453 sqft
Days on Market
713
HOA Fee
N/A
MLS #
SR24010300
chairInterior Details
garageParking
deckExterior & Lot
Lot & Grounds
Lot Features
Lot Over40000 Sqft
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Rural, Suburban
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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