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- LoopNet Team
11th St E
Palmdale, CA 93550
11th St East Multi-Family Development Site · Land For Sale · 1.99 AC
INVESTMENT HIGHLIGHTS
- Located in an Opportunity Zone
- Property runs Street to Street offering flexible design options
- 2017 preliminary drawings for a market rent 120 unit development
PROPERTY FACTS
DESCRIPTION
REO Property! Strategic, central location within Palmdale’s highest density zoning, RN 4, allowing 30-50 DU/AC. This site is also located within an *“Opportunity Zone" where favorable tax benefits are available for investors! Good level property with access from both 11th and 12th Street East and situated less than 1/4 mile north of Palmdale Blvd.. In 2017, preliminary drawings were prepared for a 5-story, 120 unit, market rent project featuring a gym, spa, onsite management office and 2 community rooms. That proposed unit mix consisted of 20-1 bedroom, 80-2 bedroom and 20-3 bedroom apartments.
PROPERTY TAXES
| Parcel Number | 3015-004-038 | Improvements Assessment | $0 |
| Land Assessment | $436,968 | Total Assessment | $436,968 |
PROPERTY TAXES
ZONING
| Zoning Code | RN 4 (30-50 DU/AC) |
| RN 4 (30-50 DU/AC) |
