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0 E Ave J E / 50th St E
About This Property
Nearly 20 Acres within Lancaster City limits! Perfect location for your country property. 660 feet of frontage on E Ave. J between 50th St. E and 55 St. E Great location in rapidly growing area. Great opportunity. Current tax/MLS records indicate LCA21 (Los Angeles County A-2-1 Heavy Agricultural zoning). Property is located within the Lancaster Eastside Annexation area. Buyer to independently verify current jurisdiction, zoning, permitted uses, utilities and development/subdivision potential. The City of Lancaster's Eastside Annexation specifically include these APNs and approved the project and pre-zone on October 14, 2025. The proposed designation is RR-2.5 - Rural Residential, minimum 2.5-acre lots / one dwelling unit per 2.5 acres. But, buyer is to verify directly if this applies. These are 2 lots combined and each lot can also be sold separately, seller would like to sell both lots together but will consider offer to buy separately as well.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by Rodeo Realty | $70,000 | |
| Listed by Rodeo Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017