RealKey
‪(213) 433-7766‬

42336 5th Street E, Lancaster, California 93535, Lancaster, 93535 - bed, bath

42336 5th Street E, Lancaster, California 93535 home-pic-0
ACTIVE$1,199,000
42336 5th Street E, Lancaster, California 93535
0Bed
0Bath
1,250Sqft
96,269Lot
Year Built
1954
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$959
HOA
-
Days on market
-
Sold On
-
MLS number
GD25089128
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.20M(100th), sqft - 1250(18th), beds - undefined(0th), baths - undefined(0th).

Excellent investment opportunity! This 2.21-acre flat lot is zoned LRHI (Light Rural Heavy Industrial), offering a wide range of commercial and industrial possibilities. Located in Lancaster, this property is ideal for investors, developers, or business owners seeking land for industrial use. Zoning allows for potential uses such as warehousing, trucking operations, storage, light manufacturing, and more. Buyer to verify all zoning, use, and development potential with the City of Lancaster or Los Angeles County Planning Department. Neither seller nor listing agent guarantees accuracy of zoning, usage, or property​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ information.

Price History

Date
Event
Price
09/18/25
Price Change
$1,199,000
05/03/25
Listing
$1,299,000
Condition Rating
Tear down
The property, built in 1954, is explicitly marketed as an 'Excellent investment opportunity' for its 2.21-acre LRHI (Light Rural Heavy Industrial) zoned land, not for the residential structure. The property analysis lists the 'Existing Residential Structure' as a weakness, implying it may need demolition for industrial development. The provided images show multiple very old, basic, and poorly maintained structures that appear to be in a state of significant disrepair, consistent with being unlivable or requiring demolition. There are no interior photos or details about the residential structure's condition, further suggesting its value is negligible or negative in the context of the land's industrial potential. The property's value is based solely on the land and its potential for redevelopment, making the existing structure a tear-down.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 96269, living area = 1250.
Industrial Zoning (LRHI): The property's Light Rural Heavy Industrial (LRHI) zoning allows for a wide range of commercial and industrial uses, making it highly versatile for various business operations.
Generous Lot Size: With 2.21 acres (96,269 sqft), the property offers substantial space for large-scale industrial development, expansion, or multiple operational units.
Flat Topography: The flat nature of the lot simplifies site preparation and construction, potentially reducing development costs and accelerating project timelines.
High Investment Potential: Explicitly marketed as an 'Excellent investment opportunity' for investors, developers, or business owners seeking industrial land.
Diverse Use Cases: The zoning permits a variety of industrial applications, including warehousing, trucking operations, storage, and light manufacturing, offering flexibility for future use.

Cons

Extensive Buyer Due Diligence Required: The listing places a significant burden on the buyer to verify all zoning, use, and development potential, indicating potential complexities or uncertainties that require thorough investigation.
Existing Residential Structure: The presence of a 1954-built 1250 sqft 'Single Family Residence' on an industrially zoned lot may necessitate demolition or significant repurposing, adding unforeseen costs and potential delays to industrial development plans.
Unspecified Industrial Infrastructure/Access: The description lacks details on critical industrial amenities such as proximity to major transportation arteries, utility infrastructure, or specific logistical advantages, which are key for industrial land valuation and operational efficiency.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state