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$1,699,000
Est. payment /mo
Price Dropped by $100K
38543 10th East Palmdale, CA 93550
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25077665
Property Sub-Type Lots/Land
Property Description
FULLY ENTITLED 50-Unit Multifamily Land Development Opportunity in Palmdale! Prime vacant land offering for ground-up construction of a 50-unit multifamily apartment building. This sale encompasses nine contiguous parcels totaling approximately 46,635 square feet (1.07 acres). The property boasts full entitlement for immediate development. The site is strategically located on the southwest corner of East Avenue Q-4 and 10th Street East (APNs: 3008-038-011, -012, -013, -015, -019, -034, -035, -036, and -037), offering excellent visibility and accessibility. This is a rare chance to capitalize on Palmdale's growing demand for multifamily housing with a Fully Entitled 50 Unit project. Adding to the area's appeal and future growth, Palmdale is a planned stop along California's high-speed rail project, promising enhanced connectivity and economic benefits. Plans are for a total of 3 rail services and 1 freight. Two will be for the California Highs-peed Railway and 1 for the Brightline West/High Desert Corridor which will also be interfacing there (The Socal to Las Vegas Bullet train). The station is less than mile from the future building.Furthermore, recent news indicates significant hiring initiatives at Northrop Grumman in the region, creating a strong demand for new housing options. This presents a compelling opportunity for a developer to meet the increasing residential needs of a growing workforce and a more connected community. Property is located in an opportunity zone prominently.
Location
State CA
County Los Angeles
Direction Head East on E Palmdale Blvd at the 14 FWY, to 10th St E, make left (heading North). lots are between E Ave Q5 and Q4 on left.
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric, Natural Gas, Telephone
View Y/N No
Present Use Residential
Others
Tax ID 3008038034
Listed by Omid Tebyani Keller Williams Realty Calabasas