Mark Mestepey

$2,500,000

8.88 Acres

Lancaster, California, 93535

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 previously obtained plans to build 382 units (4-stories) with a retail component. The location is unique, as well. The surrounding pocket is very low-density, dominated by single family homes. Buildings tend to perform well in these suburban areas, with less QOL concerns such as traffic and noise. Despite being within a low-density area, the major retail hub at Ave J and 20th East is only a half mile from the property. Major retailers such as Walmart, Stater Bros and Aldi are at this location, as well as numerous restaurants and conveniences, giving this location a significant level of walkability. Just south of Ave J is the Terracina apartment building, in which 264 affordable units were built in 2023, serving as a useful benchmark for new construction in this area. With 8.8 acres on a prime signalized corner with all utilities available, and aided by a supportive regulatory environment, this property is ready for a large-scale affordable housing product. It's also priced aggressively at under $285k per acre, and the seller is offering interest-only financing with at least 30-40% down. This is an unbelievable multifamily land development opportunity, and it's not going to last.

$9,995

2.21 Acres

Adelanto, California, 92301

Great 2.2-acre land parcel in the Adelanto area at an exceptional price! It's located directly on Amarillo Road, making it easy to access and utilize. It's not ''landlocked''! It's also a short drive to Shadow Mountain Rd, which connects to paved Avenue G at the LA County line. This is a quiet area with scenic mountain views and fresh air. This may be a great location to camp, go off-roading, install a mobile home, build a house, or start a small farm. If you've been looking for land in a quiet area with street frontage at a very cheap price, you've found it

$79,900

8.82 Acres

Palmdale, California, 93591

Nearly 9 acres of prime land with Heavy Agricultural zoning, located directly on Pearblossom Hwy, now available for a very good price! Pearblossom Hwy (Hwy 138) is the most notable paved street in this area, with high visibility and easy accessibility. With this location, this parcel is firmly in the ''path of growth''. This land has a staggering 335 feet of frontage on the highway, and the 8.8 acres already includes the street easement taken out of the total lot size. It is just to the west of 165th St E, and there are power lines available at 165th. Very close drive to Crystalaire Country Club, as well as Pearblossom and Lake LA. With 8.8 acres of land and such a prestigious location, there are endless possibilities for this land parcel. With its versatile Heavy Agricultural zoning, uses such as farming and animal raising are permitted, as well as residential uses such as building a house or installing a mobile home. With its excellent visibility, businesses such as U-Pick farms, horse stables/training, farmer's markets, pumpkin patches, etc may do very well and should be allowed under the current zoning (buyer to verify). This may also be a nice location for someone to create a private ranch, install a mobile home, or to build a dream home with ample space left over for horse facilities, guest houses, detached garages, etc. Also, the adjacent 8.8-acre parcel is available at the same price from the same seller. They can be purchased as a bundle, and this would give you over 17 acres of prime land on a paved street. This is simply an amazing land parcel, and there are endless possibilities available for a visionary buyer. Whether you wish to live on the land, start a farm or ranch, create a business, or just put your cash into a quality hard asset with a prime location, this is a great opportunity and it's priced to sell. Don't miss out!

$2,500,000

8.88 Acres

Lancaster, California, 93535

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 previously obtained plans to build 382 units (4-stories) with a retail component. The location is unique, as well. The surrounding pocket is very low-density, dominated by single family homes. Buildings tend to perform well in these suburban areas, with less QOL concerns such as traffic and noise. Despite being within a low-density area, the major retail hub at Ave J and 20th East is only a half mile from the property. Major retailers such as Walmart, Stater Bros and Aldi are at this location, as well as numerous restaurants and conveniences, giving this location a significant level of walkability. Just south of Ave J is the Terracina apartment building, in which 264 affordable units were built in 2023, serving as a useful benchmark for new construction in this area. With 8.8 acres on a prime signalized corner with all utilities available, and aided by a supportive regulatory environment, this property is ready for a large-scale affordable housing product. It's also priced aggressively at under $285k per acre, and the seller is offering interest-only financing with at least 30-40% down. This is an unbelievable multifamily land development opportunity, and it's not going to last

$79,900

1.05 Acres

Lancaster, California, 93536

Unique and rarely available land parcel on a major paved street within the heart of West Lancaster/Quartz Hill! This land parcel sits on 60th Street West, between J4 and J8. This is a well-developed area of many newer housing tracts, as well as scattered custom homes including one directly across the street. Since this is a tract home area, larger one-off lots like this one are very rare. Even more rare are lots with frontage on paved streets, as this eliminates the need for access easements through neighboring lots. With over 1 acre of land, the possibilities with this parcel are numerous. It may be a perfect location for someone to build a custom home with a guest house, pool, detached garage, tennis court, and more. This parcel is significantly more affordable than the typical custom homesites in the area. Additionally, this property's R-7000 zoning may enable the construction of a small income property, leveraging California's ADU laws. Even without a lot split, one could build a main house, ADU, and Junior ADU, creating a triplex. Additionally, the zoning may allow this lot to be split into multiple smaller lots, and then SFR's and ADU's can be built on those lots. Lastly, this may also serve as a quality long-term investment parcel, as standalone in-fill parcels within an established area with main street frontage are very rare. This property is believed to be within the LA County Waterworks district, and electricity should also be available at the street. It's also very close to Sundown Elementary School and Hope Chapel. No HOA rules or regulations. This is a high-quality and unique land parcel. This parcel's in-town location makes it primed for future development, and it's now available at a great price. Don't miss out!

$99,900

4.9 Acres

Lancaster, California, 93535

One of the best land parcels on the market currently in the AV! Just under 5 acres of prime land on paved Avenue J, now available at an attractive price. 48th St E also is at the west end of the parcel, and it's a nice side street for the land. It has a good location right at the edge of Lancaster's development, with tract homes to the west and farms/ranches to the east. Perfect spot for someone looking to build a custom home and ranch. Avenue J is paved and there's power lines at the street, so this land is ready for construction. With nearly 5 acres, there is ample space for anything that you want to build. You can build a huge custom home, a guest house, detached garages, pool/spa, horse facilities, agriculture, gardens, basketball court, etc. There are endless possibilities with a land parcel of this size. The location is great, as it has a rural feel while also being very close to town. It's the best of both worlds. As a result, this land is a good development opportunity and also a solid investment. There are many farms and custom homes in this area. It's also within the city of Lancaster, and not in the unincorporated county. With almost 5 acres, paved street frontage, power lines, and a close-in location, this land is ready for your vision. Don't miss out!

$79,900

1.05 Acres

Lancaster, California, 93536

Unique and rarely available land parcel on a major paved street within the heart of West Lancaster/Quartz Hill! This land parcel sits on 60th Street West, between J4 and J8. This is a well-developed area of many newer housing tracts, as well as scattered custom homes including one directly across the street. Since this is a tract home area, larger one-off lots like this one are very rare. Even more rare are lots with frontage on paved streets, as this eliminates the need for access easements through neighboring lots. With over 1 acre of land, the possibilities with this parcel are numerous. It may be a perfect location for someone to build a custom home with a guest house, pool, detached garage, tennis court, and more. This parcel is significantly more affordable than the typical custom homesites in the area. Additionally, this property's R-7000 zoning may enable the construction of a small income property, leveraging California's ADU laws. Even without a lot split, one could build a main house, ADU, and Junior ADU, creating a triplex. Additionally, the zoning may allow this lot to be split into multiple smaller lots, and then SFR's and ADU's can be built on those lots. Lastly, this may also serve as a quality long-term investment parcel, as standalone in-fill parcels within an established area with main street frontage are very rare. This property is believed to be within the LA County Waterworks district, and electricity should also be available at the street. It's also very close to Sundown Elementary School and Hope Chapel. No HOA rules or regulations. This is a high-quality and unique land parcel. This parcel's in-town location makes it primed for future development, and it's now available at a great price. Don't miss out!