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37400 10th St E - Multifamily Land
8 Acres of Residential Land Offered at $3,480,000 in Palmdale, CA 93550
Investment Highlights
- Zoning allows 20-30 units per acre for 240 total units for attached single family, mulitfamily residential & up to 50 foot height
- Utilities On Site
- 1.4 miles from Hwy 14 Off-ramp via Avenue S (Gateway to L.A Metro)
- Opportunity Zone
Property Facts
| Price | $3,480,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 8.00 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $3,480,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 8.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $3,480,000 | Lot Size | 8.00 AC |
| Price Per AC | $435,000 |
| Price | $3,480,000 |
| Price Per AC | $435,000 |
| Lot Size | 8.00 AC |
Two contiguous vacant unimproved raw land parcels totaling approximately 348,480 square feet or 8.00 acres for development of up to 240 buildable multi-family units.
Description
An opportunity to acquire 8 Acres of RN-3 Land allowing (20-30 Units/Acre) or 240 units on 4 Floors. Two parcels fronting 10th Street E Avenue with all utilities in place in tax advantage Opportunity Zone. Located at the entrance of Antelope Valley this property is in a desirable rental market with low vacancy accessible by the the large population base of Los Angeles metro. Renters select the Palmdale market to find some of the most affordable housing in L.A County.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $627,240 | Total Assessment | $627,240 |
PROPERTY TAXES
zoning
| Zoning Code | RN-3 (Residential Neighborhood 3 (20-30 Units/ Acre), 50' height, up to 4 Stories) |
| RN-3 (Residential Neighborhood 3 (20-30 Units/ Acre), 50' height, up to 4 Stories) |
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Stefan Misiraca -
Sovessa Commercial Real Estate
Presented by
37400 10th St E - Multifamily Land
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