x
Address
1686 Sierra Highway Acton, CA
Price
$ 2,500,000
Property Attributes
  • MLS#PW18129654
  • TypeLand
  • CountyLOS ANGELES
  • CityActon
  • AreaActon
  • NeighborhoodRancho Santiago
  • Zip93510
  • Style
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size8.54 Acres
Listing Provided Courtesy Of:
Erin Williams with First Team Real Estate.
Property Description

This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant. Strong demand throughout this cycle has compressed vacancies to a historically low level of 3.8%. While retail centers in affluent neighborhoods have been driving demand throughout this cycle, the last year has primarily benefited the outlying parts of the metro, such as the Antelope Valley. Rent growth has been moderating as of late, yet here too the outlying parts of the metro have posted the biggest year-overyear growth rates. Retail development has been modest over the last four quarters, following a large wave of deliveries in the first half of 2017 that were matched with strong leasing activity. Investment activity has been stable over the last six quarters and at about the metro's historic average. Even as big box stores closed, their large spaces have been routinely snapped up by other retailers or nontraditional users of retail stores.

Price History
6/1/2018 Listed $2,980,000
1/30/2019 17% - $2,500,000

General Features

Co-Listing Agent Last Name John
Co-Listing Agent Last Name Gessford
Co-Listing Agent State License # 01137479
Co-listing Agent John Gessford - BRE#01137479
Community Features Valley
Directions Off the 14 East of the 5 freeway
HOA Fee 0.00
Listagentaor Pacific West
Listing Agent Erin Williams - BRE#01994295
Listing Agent State License 01994295
MLS Area ACTO - Acton
Price Per Square Foot 6.72
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Rancho Santiago (RHST)
Subdivision Name Rancho Santiago (RHST)
Zoning A-1, CR, Rural Commercial

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 8.5400
Lot Size Area 8.5400
Lot Size Square Feet 372002.40
Lot Size Units Acres
View None
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93510

Price
AVG $260K
$2.5M
Visits
AVG 60
974

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