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E Ave Q/170th St E, Palmdale, CA 93591
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$1,000,000
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Home Details for E Ave Q/170th St E
Price
$1,000,000
Type
Lots/Land
Lot Size
98.89
County
Los Angeles
MLS®️ Listing#
24000478
On exitrealty.com
573 days
Property Description
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.
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- Water Features
- Public
- Utilities
- Natural Gas Available
- Parking
- Paved
Listing Courtesy: Castlestone Properties, Inc. - 818-993-0099
The information is being provided by Greater Antelope Valley Association of Realtors MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Greater Antelope Valley Association of Realtors MLS. All Rights Reserved.
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Market statistics compiled from data from Greater Antelope Valley Association of Realtors.
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EXIT DIAMOND REALTY
44231 10th Street W, Lancaster, CA 93534
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$1,000,000
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EXIT DIAMOND REALTY
44231 10th Street W, Lancaster, CA 93534
CA DRE# 02014101. John Ward broker.