Property profile

42607 Sierra Hwy Lancaster, CA 93535

OFF-MARKET
Investment properties
Property ID
US09-9850494
1,218 SF 0.64 ac lot
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property, situated on a prominent corner lot at 42607 Sierra Highway in Lancaster, CA, presents a unique investment opportunity. The 1,218 square foot building sits on a sizable 0.64-acre lot, offering significant potential for expansion or redevelopment. Currently configured as two separate dwellings, the property is ideally suited for a variety of commercial and residential uses. One dwelling is currently utilized as an office space, benefiting from its high-visibility location on a busy thoroughfare, while the second dwelling serves as storage. The property's strategic location within a cluster of similar mixed-use commercial buildings ensures high foot traffic and excellent visibility. This presents a rare chance to acquire a versatile property in a thriving commercial area. The existing structures provide immediate income potential or a solid foundation for future development. The ample lot size allows for significant flexibility in terms of expansion or repurposing. Schedule a viewing to explore the numerous possibilities this property offers. The property is priced at $500,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Construction WOOD
Total area 1,218 SF
Lot 0.64 ac (27,787 SF)
Zoning code LRC3*
APN 3128-007-041
UPID US09-9850494

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Garden Center Landscaping
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Location

42607 Sierra Hwy Lancaster, CA 93535-5134
Lancaster metro Census 900704 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

LRC3* · Lancaster, CA

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 42607 Sierra Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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