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Avenue I and 15th St E , Lancaster, CA 93535

$700,000

Residential Development Opportunity | 8.69 Acres | Density Upside for approximately 90 residential units Four contiguous, multi-residential-zoned parcels totaling 8.69 acres, with frontage along 15th Street East, Avenue I, and Kettering Street in Lancaster, California, are offered at a discounted bundled price. The property presents a compelling opportunity for residential development, re-entitlement, and potential tract development with a stated maximum yield of up to 92 residential dwelling units. The overall site benefits from a split General Plan designation that provides flexibility in product type, lot configuration, and overall development yield. Approximately 1.92 acres (Assessor Parcel Numbers: 3147-001-049 & 3147-001-050) and an additional 2.26 acres (Assessor Parcel Number: 3147-001-044) are designated Medium Density Residential (MDR), permitting up to 15 dwelling units per acre, while approximately 4.51 acres (Assessor Parcel Number: 3147-001-043) are designated Urban Residential (UR), allowing for up to 6.5 dwelling units per acre. This is a strategic opportunity for builders, developers, and investors seeking residential land with multiple density designations, frontage, and upside potential. Note: Although it has expired, a previously approved Tentative Tract Map (TTM) for 38 R-7000 single-family lots, originally approved in 2005, establishes a strong entitlement baseline. After it expired, the City upgraded the front 6.5 acres to higher densities, including a zoning change from UR to MDR. The TTM still provides significant carry-forward value, including prior engineering studies, site planning, and a detailed record of municipal conditions of approval. A previously approved Tentative Tract Map (TTM) for 38 single-family lots establishes a strong entitlement baseline. While the map has expired following the City's upgrade to higher-density MDR zoning, it provides significant carry-forward value, including prior engineering studies, site planning, and a detailed record of municipal conditions of approval. This groundwork can materially reduce entitlement risk, inform updated yield scenarios, and accelerate the resubmittal process. Planning & Entitlement Advantages: " CEQA Positioning: Prior approvals and studies may support streamlined environmental review, with the potential for addendum or focused analysis rather than a full EIR, subject to City determination. " Known Development Standards: Existing conditions of approval offer clarity on grading, drainage, circulation, and off-site improvement requirements--reducing uncertainty during entitlement. " Utility & Infrastructure Context: Prior tract work provides insight into utility access points, capacity considerations, and likely off-site improvement obligations. " Improved Density Potential: Updated MDR zoning creates an opportunity to increase unit count beyond the prior 38-lot configuration while integrating required affordable housing components. " Phasing Potential: Parcel configuration and frontage may allow for phased development and flexible absorption strategies. Well-suited for builders and developers seeking a project with prior agency alignment, documented site constraints, and the ability to leverage existing due diligence to shorten entitlement timelines and move more efficiently toward final map approval and construction.

Highlights

  • Land
  • 8.69 Acre Lot
  • 199 days on Market


  • Acres
    8.69
  • Lot Features
    Level, Rectangular Lot
  • Utilities
    Electricity Available, Natural Gas Available
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of Avenue I and 15th St E?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to Avenue I and 15th St E.

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How do I get more information about Avenue I and 15th St E?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $700,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Lancaster, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for Avenue I and 15th St E?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for Avenue I and 15th St E at around $3,795. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy Avenue I and 15th St E?

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Can I negotiate the asking price for Avenue I and 15th St E?

In most cases, yes. Whether Avenue I and 15th St E is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Lancaster's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on Avenue I and 15th St E?

We can handle that for you. Our preferred local agent specializes in lands in Lancaster and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

Avenue I and 15th St E was listed on April 23, 2026, which means it's been on the market for 199 days.

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What is the lot size of this property?

Avenue I and 15th St E sits on a 8.69-acre lot, which is 378,536 square feet.

Is Avenue I and 15th St E still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Greater Antelope Valley Association of REALTORS. All rights reserved.

Last Updated: November 08, 2026 at 03:05AM | Source: Greater Antelope Valley Association of REALTORS | MLS#: 26003268

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