Mixed-Use Zoned Multifamily Development
For Sale
$2,500,000
2000 E Lancaster Blvd, Lancaster, CA 93535
8.8-acre in-fill parcel at a signalized corner with MU-N zoning and utilities available for multifamily development.
Property SizeContact for details
Lot Size8.80 Acres
Days on Market69
Property Features for 2000 E Lancaster Blvd
General Information
Standard status
Active
Lot size
8.80 Acres
Property subtype
Land
Zoning
MU-N
Additional Details
Utilities to Site
Yes
Multifamily Units
400
Listing Agency:
Castlestone Properties, Inc.
(818) 624-0099
Listed By:
Mark Mestepey · License #01991537
Source:
Elliman
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 29 at 11:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Castlestone Properties, Inc.
Investment Insights
Based on property information with market context.
A rare institutional-grade in-fill land parcel totaling 8.8 acres, offered for sale with Mixed Use-Neighborhood (MU-N) zoning. The site is located on the east side of Lancaster at the northwest corner of Lancaster Blvd and 20th St E, and utilities are described as available. The seller previously obtained plans for a 382-unit project with a 4-story building height and a retail component.
MU-N zoning is presented as flexible, with information provided indicating it may allow residential-only projects without specific density maximums and a height maximum of 4–5 stories (buyer to verify with the City). The parcel’s surroundings are described as low-density, dominated by single-family homes, while a major retail hub at Ave J and 20th East is described as about a half mile away.
This site is positioned for developers targeting multifamily affordable housing. The seller notes support for affordable housing development and indicates LIHTC/tax credit availability, along with interest-only financing terms with at least 30–40% down. A practical benchmark mentioned is the Terracina apartment building, where 264 affordable units were built in 2023 within the nearby area. Buyer and lender underwriting should confirm all zoning, entitlement, and development parameters.
MU-N zoning is presented as flexible, with information provided indicating it may allow residential-only projects without specific density maximums and a height maximum of 4–5 stories (buyer to verify with the City). The parcel’s surroundings are described as low-density, dominated by single-family homes, while a major retail hub at Ave J and 20th East is described as about a half mile away.
This site is positioned for developers targeting multifamily affordable housing. The seller notes support for affordable housing development and indicates LIHTC/tax credit availability, along with interest-only financing terms with at least 30–40% down. A practical benchmark mentioned is the Terracina apartment building, where 264 affordable units were built in 2023 within the nearby area. Buyer and lender underwriting should confirm all zoning, entitlement, and development parameters.
Key Highlights
- 8.8‑acre in‑fill development site on the east side of Lancaster, located at the northwest corner of Lancaster Blvd and 20th St E.
- Mixed Use‑Neighborhood (MU‑N) zoning, with reported flexibility for residential‑only projects (buyer to verify all zoning details with the city).
- Seller financing available: interest‑only with at least 30%–40% down.
Property Analytics
Property Profile
Current Use
Lease Details
400
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 93535, CA
82,149
Population
23,917
Households
3.4
Avg Household Size
31
Median Age
14%
College-Educated
78%
High-School Grad
239.0 sq mi
ZIP Area
344
Density / Sq Mi
$65,989
Median Household Income
$41,834
Median Earnings
$1,650
Median Rent
$336,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 8.8-acre in-fill parcel at a signalized corner with MU-N zoning and utilities available for multifamily development.
Where is this residential land & home lot located?
The property is located at 2000 E Lancaster Blvd Lancaster, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 8.8‑acre in‑fill development site on the east side of Lancaster, located at the northwest corner of Lancaster Blvd and 20th St E.; Mixed Use‑Neighborhood (MU‑N) zoning, with reported flexibility for residential‑only projects (buyer to verify all zoning details with the city).; Seller financing available: interest‑only with at least 30%–40% down.
