42607 Sierra HwyLancaster, CA 93535

For Sale
$500,000 View listing
  • Investment properties
  • 1,218 SF

Property Details for 42607 Sierra Hwy

Construction
WOOD
Lot size
0.64 AC
Property size (Sq ft)
1,218 SF
Zone code
LRC3*
Property type
Investment properties
Property subtype
Live-work space
APN
3128-007-041
APU
3128007041

Description

This exceptional mixed-use property, situated on a prominent corner lot at 42607 Sierra Highway in Lancaster, CA, presents a unique investment opportunity. The 1,218 square foot building sits on a sizable 0.64-acre lot, offering significant potential for expansion or redevelopment. Currently configured as two separate dwellings, the property is ideally suited for a variety of commercial and residential uses. One dwelling is currently utilized as an office space, benefiting from its high-visibility location on a busy thoroughfare, while the second dwelling serves as storage. The property's strategic location within a cluster of similar mixed-use commercial buildings ensures high foot traffic and excellent visibility. This presents a rare chance to acquire a versatile property in a thriving commercial area. The existing structures provide immediate income potential or a solid foundation for future development. The ample lot size allows for significant flexibility in terms of expansion or repurposing. Schedule a viewing to explore the numerous possibilities this property offers. The property is priced at $500,000.

42607 Sierra Hwy, Lancaster, California

Location Insight

City
Lancaster
County
Los Angeles
State
California
Latitude
34.6569
Longitude
-118.131
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,583
$42,518
$17,856
$60,374
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