Property summary
This exceptional mixed-use investment property in Lancaster, CA, presents a compelling opportunity. Located at 42239 & 42247 Sierra Highway, this property boasts a total of 1,384 square feet across three units within two single-story buildings, constructed in 1952. Situated on a substantial 27,182 square foot lot, the property offers significant potential for various uses, subject to the LRC3* permitted zoning. The asking price is $595,000, translating to $325 per square foot for the building and $325 per square foot for the land. The property's strategic location near a diverse range of businesses, including auto shops, motels, and construction companies, enhances its appeal. Its proximity to a gas station and the courthouse further adds to its convenience and accessibility. This property is ideal for investors seeking a versatile asset with substantial upside potential in a thriving area. The property features two bedrooms and two bathrooms. The APN is 3128-014-009. This is a rare opportunity to acquire a well-positioned mixed-use property in a high-growth area of Los Angeles County.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop Vehicle Inspection Center
Location
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Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LRC3* · Lancaster, CAZoning
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The district profile from the municipal source: what is on file for LRC3* in Lancaster, CA.
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