Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42809 Montello Drive Lake Elizabeth, CA 93532

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    D - Lake Elizabeth, CA

    Lot size:
    0.18 Acres
    Added:
    Apr 27, 2025
    Days on Market:
    369
    Last Refresh:
    Apr 30 at 5:06 pm

    Property Features for 42809 Montello Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1 is Residential w/ min 5,000 sqft lot
    Standard status
    Active
    APN
    3225-033-068
    Lot size
    0.18 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jerry Tocchini

    Listing agent Jerry Tocchini License #01354538

    Listing office Tocchini Real Estate 4241 Boulder Creek Circle, Stockton, CA 95219, San Francisco, CA

    Listing date Apr 27, 2025

    MLS# 25003198 Listing URL

    Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Elizabeth Residential Lot

    This residential lot offers views of Lake Elizabeth and features 64 feet of frontage on Montello Road. Electrical and water utilities are available at the street. Located in a quiet neighborhood, this lot presents an investment opportunity for a future home. The zoning is R-1, which allows for residential use with a minimum lot size of 5,000 square feet. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Bar & Pub Daycare Center Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Elizabeth
    County
    Los Angeles
    State
    California
    Longitude
    -118.387525
    Latitude
    34.659311

    Nearby Similar for Sale

    • $12,900

      Residential Lot Near Golf Course

      Residential lot near golf course in Lake Elizabeth, California.
      W Kiptree Dr Vic Deerbank, Lake Elizabeth, CA 93532
      View Details
    • $19,000

      Vacant Lot in Lake Elizabeth

      9,692 sq ft vacant lot in Elizabeth Lake, CA.
      Arrowrock Dr Vic Montell, Lake Elizabeth, CA 93532
      View Details
    • $15,000

      Residential Lot in Lake Elizabeth

      Residential lot with open space views in Lake Elizabeth, CA.
      Kiptree Drive, Lake Elizabeth, CA 93532
      View Details
    • $46,999

      Residential Land in Lake Elizabeth

      Two adjacent residential parcels totaling 0.34 acres in Lake Elizabeth.
      Johnson Rd Vic Limeridge, Lake Elizabeth, CA 93532
      View Details
    • $39,999

      Residential Land in Lake Elizabeth

      Residential zoned land with potential to build or invest.
      1 Johnson Road, Lake Elizabeth, CA 93532
      View Details
    • $15,000

      Residential Lot with Mountain Views

      Residential lot in Lake Elizabeth with utilities available.
      13245 Littlehorn Drive, Lake Elizabeth, CA 93532
      View Details
    • $18,995

      Lake Elizabeth Waterfront Land Parcel

      Waterfront land with lake views and completed percolation test.
      Arrowrock Dr Vic Montello Drive, Lake Elizabeth, CA 93532
      View Details
    • $15,000

      Residential Lot in Lake Elizabeth

      Residential lot with open space views in Lake Elizabeth, CA.
      1 Vac/Kiptree Dr/Vic Deerbank, Lake Elizabeth, CA 93532
      View Details
    • $11,500

      Land with Lake Elizabeth Views

      Residential land with lake views and utilities available.
      42809 Montello Drive, Lake Elizabeth, CA 93532
      View Details
    • $8,000

      Land in Lake Elizabeth, CA

      Investment parcel in a quiet, beautiful area near Palmdale/Lancaster.
      42621 Gumtree Drive, Lake Elizabeth, CA 93532
      View Details
    • $20,000

      Residential Lot in Lake Elizabeth

      7692 sq ft residential lot with utilities.
      42624 Arrowrock Drive, Lake Elizabeth, CA 93532
      View Details
    • $8,000

      Land in Lake Elizabeth, CA

      Residential land parcel available in Lake Elizabeth, California.
      Gumtree Drive, Lake Elizabeth, CA 93532
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with lake views and road frontage.
    Where is this residential land & home lot located?
    The property is located at 42809 Montello Drive Lake Elizabeth, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Lake Elizabeth views; 64 feet of Montello Road frontage; Electrical and water available at the street
    (415) 373-8400
    We can help!
    Listing Contact
    Jerry Tocchini
    Real Estate License ID: 01354538
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!