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308 E Avenue R8 4.84 Acres of Residential Land Offered at $1,500,000 in Palmdale, CA 93550
Investment Highlights
- Conveniently located near local amenities, schools, and major transportation routes, ensuring accessibility and future market demand.
- Equipped with on-site electricity and a conventional septic system, reducing initial infrastructure costs.
- Zoning designation (LCRA 7000*) supports residential development, enhancing long-term investment value.
- Approved permits in place to build up to 15 residential homes, creating a strong opportunity for builders and investors.
Executive Summary
Property Facts
| Price | $1,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 4.84 AC |
| Zoning | LCRA7000 - Limited Commercial Residential | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 4.84 AC |
| Zoning | LCRA7000 - Limited Commercial Residential |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 4.84 AC |
| Price Per AC | $309,917.36 |
| Price | $1,500,000 |
| Price Per AC | $309,917.36 |
| Lot Size | 4.84 AC |
The property spans approximately 4.85 acres (211,165 square feet) and is zoned LCRA 7000*. The lot is level and offers ample space for development, with dimensions suitable for residential or potential subdivision projects.
Description
Prime development opportunity in Palmdale! This expansive 4.85-acre parcel at 308 E Avenue R8 features an existing 2-bedroom, 2-bathroom rental home and comes with approved permits to build up to 15 additional residential units. Zoned LCRA7000*, the property offers flexibility for multi-family or residential income development. Located adjacent to Division Avenue, the site boasts excellent visibility and access, with utilities available and septic in place. Whether you're an investor or developer, this property presents a rare chance to capitalize on a growing market in a high-demand area.
Property Taxes
| Parcel Number | 3010-009-007 | Improvements Assessment | $206,525 |
| Land Assessment | $83,895 | Total Assessment | $290,420 |
Property Taxes
Presented by
Mission Real Estate
308 E Avenue R8
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