5038 W Avenue L10, Quartz Hill, California 93536, Quartz Hill, 93536 - 3 bed, 2 bath
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Quartz Hill, California 93536
This LCR3-Zoned Development Asset represents a High-Potential Investment Opportunity listed at $595,000. Although the list price sits above the $488,898 Fair Market Value of the existing residence, the valuation reflects the significant value-add of Approved Plans for 12 Units. The expansive 17,439 Sqft Lot includes a 1957 home in Fair Condition, providing immediate rental income during the entitlement and permitting process. Located near major transit in the Antelope Valley Union district, this shovel-ready project is ideal for Seasoned Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5038 W Avenue L10 Subject | $595,000* List Price | 3 | 2 | 1,366 | $356 | - |
A 42359 52nd W Sold | $479,950 | 3 | 2 | 1,522 | $315 | 0.6 mi |
B 42226 55th W Sold | $450,000 | 3 | 2 | 1,328 | $339 | 0.6 mi |
C 41643 W 47th Street W Sold | $495,000 | 3 | 2 | 1,332 | $372 | 0.4 mi |
D 4763 W Avenue L8 Pending | $464,950 List Price | 3 | 2 | 1,457 | $319 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property shows signs of regular upkeep with fresh paint and newer bedroom carpets. The kitchen features updated stainless steel appliances, but the cabinets and countertops are dated. Bathrooms are functional but have older style vanities and tile work, likely updated 15-25 years ago. The overall aesthetic is aged, and while livable, it requires minor updates to meet current standards, aligning with a 'Fair' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17439, living area = 1366.
Plans for 12 units (8 market-rate, 4 affordable) are already approved by the LAC planning department, significantly reducing development risk and timeline for investors.
The property benefits from LCR3 zoning, allowing for high-density residential development and maximizing the potential for multi-unit construction.
Built in 1957, the current single-family home is older and will likely require demolition, adding to the overall development costs.
Despite approved plans, the project demands substantial capital for demolition, site preparation, and the construction of 12 new units.
The property's primary value is in its development potential, making the existing single-family home less attractive to buyers seeking a move-in ready residence.
Exceptional INVESTOR OPPORTUNITY to acquire a well-situated LCR3-zoned property in Quartz Hill. Plans for 12 units have been approved by LAC planning department (8 per zone plus 4 affordable units). Currently improved with a single-family home, the property provides rental income potential while you plan your build. Located in a sought-after neighborhood with strong rental demand, close to major transit, shopping, dining, and employment hubs. Whether you’re a seasoned developer or an investor seeking value-add potential, this property is ready for your vision.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,366 | 1,974 | 10% |
| Lot Size | 17,439 | 9,355 | 83% |
| Price | $595.0K | $537.0K | 73% |
| Price per sq ft | $436 | $274 | 98% |
| Built year | 1957 | 1991 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 255 | 184 | 83% |
Aug 10, 2025
$595,000
Initial Listing