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    12th Ste Vic Ave, Unit Q5 Palmdale, CA 93550

    For Sale
    $995,000

    D - Palmdale, CA

    Days on Market:
    268
    Last Refresh:
    Dec 11 at 9:06 pm

    Property Features for 12th Ste Vic Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN4
    APN
    3015-004-038

    Building Details

    Architectural style
    Other

    John Hart Corp. (818) 246-1099

    Listing agent Karen Jenkins (818) 246-1099 License #01215096

    Listing date Mar 19, 2025

    MLS# 25002093 Listing URL

    Copyright © 2025 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palmdale Opportunity Zone Development Site

    This centrally located property is situated in the Palmdale Opportunity Zone and features the highest density zoning in the City of Palmdale. Spanning just under 2 acres across 11th and 12th Streets East, the property allows for exceptional access. Existing plans detail a 5-story apartment complex with 120 units, featuring a proposed mix of 20 1-bedroom units, 80 2-bedroom units, and 20 3-bedroom units. The plans also include a gym, spa, onsite property management office, and 2 community rooms. Parking will consist of an above-grade garage and a subterranean level. The property is located close to public transportation, shopping, banks, the Palmdale Playhouse, City Hall, and the Palmdale Library. This property is located in Los Angeles County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Opportunity zone commercial ...

    Map

    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.114197
    Latitude
    34.582157

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    FAQs

    What type of property is this?
    Apartment building - Development site in Palmdale Opportunity Zone with plans for 120 units.
    Where is this apartment building located?
    The property is located at 12th Ste Vic Ave, Unit Q5 Palmdale, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Located in Palmdale Opportunity Zone with highest density zoning.; - Approved plans for a 5-story, 120-unit apartment complex.; - Mix of 1, 2, and 3-bedroom units planned (20/80/20 split).
    (818) 246-1099
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12th Ste Vic Ave, Unit Q5 Palmdale, CA 93550
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