0 East E Avenue
$795,000
4,828,700 / 110.85
Description
Prime residential development site in Lake LA. 110 acres of flat, infill land. Only $7,227 per acre. One of the few large, undivided land parcels within the town boundaries of Lake LA. Preliminary feasibility report yields approximately 67 1-acre lots. This parcel has street frontage on all sides, with existing housing tracts across the street on 3 sides. Attractive seller financing available. Water, electricity, and gas services are all available. Potential mobile home park development site. Home...Prime residential development site in Lake LA. 110 acres of flat, infill land. Only $7,227 per acre. One of the few large, undivided land parcels within the town boundaries of Lake LA. Preliminary feasibility report yields approximately 67 1-acre lots. This parcel has street frontage on all sides, with existing housing tracts across the street on 3 sides. Attractive seller financing available. Water, electricity, and gas services are all available. Potential mobile home park development site. 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 2007, when home prices in this area were roughly half of what they are currently. This property is a great value, and it presents a tremendous opportunity for a homebuilders, subdividers, or other investors. Possibilities include subdividing the property 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. This property presents a myriad of potential uses and development opportunities. At $7,227 per acre, this property is a great price for a 110 acre infill parcel that is nestled within existing housing tracts, as opposed to a raw desert parcel with no street frontage or utilities. Buildable infill parcels of this nature are rarely available.
- Listed by Mark Mestepey • DRE #01991537 • Brokerage DRE #01218435 • Castlestone Properties, Inc. • 818-624-0099
Property Details for 0 East E Avenue
View
Desert, Mountain(s)
Lot Size SourceAssessor
Assessor Parcel Number3069-019-005
New ConstructionNo
PoolNo
ViewYes
AssociationNo
Association Fee$.00
LISTING UPDATED: 04/17/2024 05:21 AM
Property Details for 0 East E Avenue
Status | Active |
---|---|
MLS # | SR23228791 |
Days on Market | 338 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 110.85 AC |
County | Los Angeles County |
Building Information for 0 East E Avenue
Lot Size110.85 AC
Property Information for 0 East E Avenue
Property History for 0 East E Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 0 East E Avenue
This home is within Eastside Union Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Eastside Elementary School PublicK to 6 | ||
Gifford C. Cole Middle School Public7 to 8 | ||
Eastside High School Public9 to 12 | ||
Enterprise Elementary PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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