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About This Property
Discover over 4.6 acres of prime vacant land in the thriving city of Lancaster, Los Angeles County. Zoned LRA12, this versatile property allows for limited residential and agricultural use, making it ideal for a variety of development possibilities. Conveniently located near Highways 14 & 138, this parcel offers easy access to key transportation routes, commercial and industrial centers, and William Fox Airfield. The property features rolling terrain and is situated within a rapidly expanding area, making it a great investment for future growth. Whether you're looking to build, hold for appreciation, or develop for residential or agricultural use, this is an opportunity you don't want to miss!
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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 |
|---|---|---|---|
| Mar 7, 2025 | Listed by Coldwell Banker Realty Pasadena | $45,000 | |
| Listed by Coldwell Banker Realty Pasadena | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017