Technical
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Property profile

K8 At Ave Lancaster, CA 93534

OFF-MARKET
Retirement homes
2.05 ac lot
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 2.048-acre parcel in Lancaster, CA, zoned HDR (High Density Residential), allowing for 15.1 to 30 units per acre. This prime location, situated at the southeast corner of 15th Street West and Avenue K8, offers significant development potential for apartments, condos, townhouses, or a mixed-use project. The property is conveniently located near Kaiser Permanente, providing easy access to essential services. The square lot presents a unique advantage for efficient planning and construction. This is one of the last remaining HDR-zoned vacant parcels in Lancaster, making it a highly sought-after investment. The asking price is $800,000, and the seller is motivated. The property's APN is 3125-010-070. Note that an adjacent 7.6-acre HDR parcel is currently under contract. This presents a rare chance to secure a significant land holding in a rapidly developing area. The property is offered at 100% ownership. Serious inquiries only.

Property profile

Verified
Property type Retirement homes
Lot 2.05 ac (89,211 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

K8 At Ave Lancaster, CA 93534
Lancaster metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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