Residential Development Opportunity | 8.69 Acres | Density Upside for approximately 100 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 133 residential dwelling units, subject to applicable approvals. 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) are designated LRR 36.6 UDP, allowing for up to 36.6 dwelling units per acre under a supportive Lancaster Urban Development Plan. 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 LRR36.6UDP & 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.

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