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0 E Vac/20th Ste/Vic Avenue H5 Street $800,000

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    0 E Vac/20th Ste/Vic Avenue H5 Street Lancaster, CA 93535

    • 9.30 Acres
    • Land
    • MLS# SR24029823
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    Views: 1 Days On Market: 12

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    Property Details

    17.5 acres of R-7000 land in Lancaster, CA. Two adjacent parcels fronting on 20th Street East between Avenues H-4 and H-8. $800,000 PRICE IS FOR BOTH PARCELS COMBINED. Price per acre is $45,714. They are located directly across the street from the Pacific Marigold development, formerly known as Falcon Pointe. A combined 160 new homes have been built and sold and sales are on-going. Prices are $499,900 to $557,990. The first parcel (APN 3154-001-049) is 10 gross acres. The second parcel (APN 3154-001-050) is 7.5 gross acres. The combined acreage is flat and level with a total frontage of 660 feet on 20th Street East. Utilities are in the street. The zoning is R-7000 which allows up to 4 homes per acre. Up to 68 new homes can be built along with an ADU for each. Buyers are advised to consult with the City of Lancaster Planning Department for further information and requirements. The two parcels are separately owned, but must be sold together. Both had previous tentative tract maps filed. The associated reports and studies will need to be up-dated, but can be provided to a Buyer. Sellers will consider up to a one year escrow to enable a qualified Buyer sufficient time to process a a TTM and secure entitlements. Terms to be negotiated.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 3.000 %
      • Community Features Suburban
      • County Or Parish Los Angeles
    • Property Features
      • Topography Level
      • Lot Size Acres 9.29
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Lot Features 2-5 Units/Acre, Level with Street, Value In Land
      • Fencing None

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    Neighborhood

    93535 (Lancaster) Demographics

    31 Median Age
    290 Population Density (per sq. mile)
    23% College Educated
    $49,304 Estimated Median Income
    12,404 Estimated Total Home Owners
    8,725 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    74,944 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $402,500 Median Sales Price
    66 Homes Sold
    173 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $800,000
        2/12/2024 4:07:00 PM New in Database Source: Multiple Listing Service New Value: $800,000

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        ** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 2/24/2024 6:40:20 PM PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.