ACTIVE$1,399,000

42349 5th Street E, Lancaster, California 93535

0Bed

0Bath

1,058Sqft

220,746Lot

Year Built

1953

List price

$1.4M

Original List price

$1.5M

Price/Sqft

$1,322

HOA

Days on market

Sold On

MLS number

GD25089131

Home ConditionTear down

Features

Good View: None

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About this home

We found 3 Cons,6 Pros. Rank: price - $1.40M(100th), sqft - 1058(5th), beds - undefined(0th), baths - undefined(0th).

Incredible opportunity to own a 6-acre flat and fully fenced lot in Lancaster with Industrial Commercial zoning. This zoning typically allows for a wide range of industrial uses, including: • Warehousing • Manufacturing • Distribution centers • Trucking yards • Outdoor storage • And potentially other heavy commercial or industrial operations Zoning allowances can vary, so it’s crucial that the buyer verifies directly with the City of Lancaster or Los Angeles County Planning Department to determine what is permitted on the parcel. This expansive property offers a wide range of potential commercial and industrial uses. There is an existing structure on the lot (no bed/bath count), offering added value and utility for the right buyer or investor. Endless possibilities—whether for storage, development, or commercial operations. Buyer to conduct their own due diligence regarding zoning, usage, and any building possibilities. Neither seller nor listing agent guarantees the accuracy of any information related to the property.

Price History

Date

Event

Price

09/18/25

Price Change

$1,399,000

05/03/25

Listing

$1,499,000

Condition Rating

Tear down

The property was built in 1953 (71 years ago) and the listing provides no details about the condition of the existing 1058 sqft structure, nor any interior images. The description focuses entirely on the 6-acre industrial commercial zoned lot and its development potential, explicitly stating 'no bed/bath count' and 'unspecified condition of existing structure' as a weakness. Given the age, lack of renovation information, and the primary value being in the land, the existing structure is presumed to be unlivable and its value is based solely on the land for redevelopment.

Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 220746, living area = 1058.

Expansive Lot Size: The property boasts a substantial 6-acre (220,746 sqft) flat lot, providing ample space for large-scale industrial or commercial development and operations.

Industrial Commercial Zoning: Zoned Industrial Commercial, this property allows for a wide array of high-value uses including warehousing, manufacturing, distribution centers, trucking yards, and outdoor storage, appealing to a broad range of industrial investors and businesses.

Development-Ready Terrain: The lot is described as 'flat and fully fenced,' which significantly reduces site preparation costs and time for development, while the fencing adds security and defines boundaries.

Existing Structure: An existing structure on the lot offers immediate utility, potentially serving as an office, storage, or a base for operations, adding value and reducing initial setup costs for some buyers.

Versatile Investment Opportunity: The combination of large size and flexible industrial zoning presents 'endless possibilities' for storage, development, or commercial operations, making it a highly versatile investment.

Cons

Buyer Due Diligence Burden: The listing explicitly states that buyers must verify zoning allowances directly with the City of Lancaster or Los Angeles County, indicating potential complexity or uncertainty in confirming specific permitted uses.

Unspecified Condition of Existing Structure: Details regarding the existing structure (e.g., size, condition, utilities, bed/bath count) are absent, implying it may require significant renovation or demolition, adding an unknown cost factor for the buyer.

Listing Type Mismatch: Despite its Industrial Commercial zoning, the property is listed as 'Residential' and 'Single Family Residence,' which could lead to misidentification by potential industrial buyers and confusion for residential searchers.

About this home

Price History

Pros

Cons

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42349 5th Street E, Lancaster, California 93535, Lancaster, 93535 - bed, bath

About this home

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI