2000 E Lancaster Blvd
Lancaster, CA 93535
Listing broker / agent: Castlestone Properties, Inc. · Mark Mestepey · 818-624-0099 · CRMLS
MLS # SR26135269 · Last checked Oct 19, 2026 19:28 UTC
About this property
One of the most prolific multifamily development sites in the Antelope Valley. Rarely do institutional developer-grade parcels of this stature hit the open market, and it's also available with attractive seller financing. The subject property provides 8.8 acres of prime-in fill land on the east side of Lancaster, with the city's coveted Mixed Use-Neighborhood (MU-N) zoning. Sitting at the northwest corner of Lancaster Blvd and 20th St E, this parcel is coming to market amidst a historic affordable housing building boom in the Antelope Valley. With strong support from the City of Lancaster and the state, ample LIHTC financing and tax credit availability, and strong renter demand, multiple large-scale affordable housing projects are coming online. This parcel is primed for a developer to join the boom and build a substantial project. Lancaster's MU-N zoning is highly flexible, as it's believed to allow for residential-only projects with no specific density maximums, and a height maximum of 4-5 stories (buyer to verify all information with the city). Typical multifamily products in the AV tend to be 2-3 stories. With 8.8 net acres and this unique zoning, this location should accommodate anywhere from 100-400 units, depending upon the developer's desired intensity. The seller had previously obtained plans to build 382 units (4-stories) with a retail component. The location is unique, as well. The surrounding pocket is very low-density, dominated by single family homes. Buildings tend to perform well in these suburban areas, with less QOL concerns such as traffic and noise. Despite being within a low-density area, the major retail hub at Ave J and 20th East is only a half mile from the property. Major retailers such as Walmart, Stater Bros and Aldi are at this location, as well as numerous restaurants and conveniences, giving this location a significant level of walkability. Just south of Ave J is the Terracina apartment building, in which 264 affordable units were built in 2023, serving as a useful benchmark for new construction in this area. With 8.8 acres on a prime signalized corner with all utilities available, and aided by a supportive regulatory environment, this property is ready for a large-scale affordable housing product. It's also priced aggressively at under $285k per acre, and the seller is offering interest-only financing with at least 30-40% down. This is an unbelievable multifamily land development opportunity, and it's not going to last.
Property details
- MLS number
- SR26135269
- Status
- Active
- Type
- Land
- Lot size
- 8.8819 acres
- County
- Los Angeles
More property detailsCollapse
Listing
- Days on market
- 23
Exterior & parking
- Lot features
- Corner Lot, Rectangular Lot
- Lot size source
- Assessor
- Property outlook
- None
Utilities & community
- Water
- Public
- Community features
- Suburban
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Discovery (school website, opens in a new tab) Lancaster Elementary · Lancaster | K–5 | 0.2 mi |
| Tierra Bonita Elementary (school website, opens in a new tab) Eastside Union Elementary · Lancaster | Not reported | 0.9 mi |
| Lincoln Elementary (school website, opens in a new tab) Lancaster Elementary · Lancaster | K–5 | 1.1 mi |
| Eastside Academy/Transitional Learning Center (school website, opens in a new tab) Eastside Union Elementary · Lancaster | K–8 | 1.1 mi |
| Columbia Elementary (school website, opens in a new tab) Eastside Union Elementary · Lancaster | K–6 | 1.2 mi |
| Promise Academy (school website, opens in a new tab) Lancaster Elementary · Lancaster | Not reported | 1.2 mi |
| Gifford C. Cole Middle (school website, opens in a new tab) Eastside Union Elementary · Lancaster | 7–8 | 1.3 mi |
| Linda Verde Dual Language Immersion (school website, opens in a new tab) Lancaster Elementary · Lancaster | K–8 | 1.4 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,500,000
- MLS-reported original asking price
- $2,500,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 07:46 | $2,500,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Lancaster
Active residential homes for sale in Lancaster, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
77 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 20:24 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗