CA > Palmdale
Palmdale, CA 93550,38547 10th ST E
Palmdale, CA 93550,38547 10th ST E
Palmdale, CA 93550,38547 10th ST E
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,649,000
Est. payment /mo
1.07 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25191097

HOA Y/N No

Lot Size 1.071 Acres

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 1/2 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

Area Plm - Palmdale

Zoning PDC2*

Interior

Fireplace No

Exterior

Fence None

Community Features Curbs, Sidewalks

Utilities Available Phone Available, Sewer Available

View Y/N No

View None

Present Use Residential,Single Family

Building

Lot Description Corner Lot, Irregular Lot, Street Level

Water Public

New Construction No

Others

Senior Community No

Tax ID 3008038015

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Omid Tebyani Keller Williams Realty Calabasas 805-207-6713

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