53 E Ave J
About This Property
10 Acres within Lancaster City limits! Perfect location for your country property. 330 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 this APN 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. Adjacent Lot is also for sale at same price, 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 18, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by Rodeo Realty | $35,000 | |
| Listed by Rodeo Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017