0 E Vac/20th Ste/Vic Avenue H5 Street,Lancaster,Los Angeles,Land

Property Description

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.