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Property Detail

Property Detail

Property Detail

1807 Avenue K8, Lancaster, CA 93534

1807 Avenue K8, Lancaster, CA 93534

$595,000 LOGIN TO SAVE

Bedrooms: 3

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Bathrooms: 2

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Area: 1172 SqFt.

    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.

    Features​

    • 0.37 Acres
    • 1 Story

    Steve and Diana Lincoln

    Call or Text Steve: (760) 707-6033​​​​​​​​​​​​​​

    ​​​​​​​Call or Text Diana: (760) 707-6034

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    Contact

    CA DRE #01870580

    6965 El Camino Real 105-690, Carlsbad CA 92009

    877.692.8427

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    #1 Agent in Aviara

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.

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