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Listed by Mark Mestepey, DRE #01991537 • Castlestone Properties, Inc.
$ 2,500,000
Est. payment /mo
Active
2000 E Lancaster Blvd Lancaster, CA 93535
8.88 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26135269
Lot Size 8.882 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
One of the most prolific multifamily development sites in the Antelope Valley. Rarely do institutional developer-grade parcels of this stature hit the open market, and it's also available with attractive seller financing. The subject property provides 8.8 acres of prime-in fill land on the east side of Lancaster, with the city's coveted Mixed Use-Neighborhood (MU-N) zoning. Sitting at the northwest corner of Lancaster Blvd and 20th St E, this parcel is coming to market amidst a historic affordable housing building boom in the Antelope Valley. With strong support from the City of Lancaster and the state, ample LIHTC financing and tax credit availability, and strong renter demand, multiple large-scale affordable housing projects are coming online. This parcel is primed for a developer to join the boom and build a substantial project. Lancaster's MU-N zoning is highly flexible, as it's believed to allow for residential-only projects with no specific density maximums, and a height maximum of 4-5 stories (buyer to verify all information with the city). Typical multifamily products in the AV tend to be 2-3 stories. With 8.8 net acres and this unique zoning, this location should accommodate anywhere from 100-400 units, depending upon the developer's desired intensity. The seller had pre
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning PRKG,LSR
Exterior
View None
Building
Water District - Public
Others
Tax ID 3147002046
Special Listing Condition Not Applicable
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