1807 W Avenue K8 new Save Request In-Person Tour Request Virtual Tour
Lancaster,CA 93534
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,172 sqft
Price per Sqft $507
MLS Listing ID SR25184183
Bedrooms 3
Full Baths 2
Year Built 1949
Lot Size 0.369 Acres
Property Sub-Type Single Family Residence
Property Description
Excellent ADU development opportunity! This property is strategically located in the heart of West Lancaster, very close to the 14 Freeway. Its 16,087 sqft corner lot features an expansive frontage area alongside Avenue K8. The city recently completed infrastructure and sidewalk improvements alongisde Avenue K8. Currently on the lot is a 3+2 single family home, rented at $1,974/month to a longtime tenant. There is also a detached garage that is believed to have water/sewage connections capped off and present, and a large metal carport. Lastly, there is a large unused area of the lot to the west of the carport. With this arrangement, this property may be the perfect candidate to leverage California's ADU laws. The ideal scenario would be to keep the existing house as a rental (and either raise the rent or replace the current tenants with higher-paying tenants), build a ground-up or modular ADU on the excess land at the west side of the property, and convert the existing detached garage into a Junior ADU. The detached garage would likely be an easy ADU conversion since the structure is already present. The excess land is perfect for a new construction ADU, as it would sit far away the other 2 units and would have its own driveway off the street. The tenants can utilize the existing carport for shared parking. Upon completion, this property has the potential to become an excellent triplex with 3 detached units, and this can be done without any zoning changes because of the ADU laws. In the meantime, while waiting for city approvals (believed to expedited under the ADU laws) and for the construction to take place, the developer can collect rent from the existing tenants and avoid having ''dead money'' tied up in a vacant lot. In all, it's hard to find a better ADU candidate than this property, with its detached garage and ample land for a new construction ADU. If you've been looking for the ideal property to build ADU's and generate cash flow, you've found it.
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRRA7000*
Interior
Cooling Central Air
Fireplaces Type None
Laundry See Remarks
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description Corner Lot
Dwelling Type House
Story 1
Sewer Public Sewer
New Construction No
Schools
School District Antelope Valley Union
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard