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$595,000

Est. payment - /mo

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3 Beds

2 Baths

1,172 SqFt

New

1807 W Avenue K8 Lancaster, CA 93534

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Tyler Brown

tyler@t3homes.com +1(858) 442-3449

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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

HOA Y/N No

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*

Rooms

Main Level Bedrooms 3

Interior

Interior Features Primary Suite

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry See Remarks

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Level or Stories One

New Construction No

Schools

School District Antelope Valley Union

Others

Senior Community No

Tax ID 3125006021

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Mark Mestepey Castlestone Properties, Inc. 818-624-0099

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Tyler Brown

Broker | License ID: 01452437

+1(858) 442-3449

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1807 W Avenue K8 Lancaster, CA 93534

Tyler Brown

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1807 W Avenue K8