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Market-Rate Multifamily Development
For Sale
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2301 Sierra Hwy, Rosamond, CA 93560

Proposed 248-unit, all market-rate apartment project with Opportunity Zone permits ready to issue.

Property SizeContact for details
Days on Market140

Property Features for 2301 Sierra Hwy

General Information

Standard status Active
Property subtype Multifamily, Mixed Use, Land

Additional Details

Opportunity Zone Yes
Multifamily Units 248
Listing Agency: Hoffman Company
Listed By: Justin Woodworth · License #CA 01845652
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 11:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoffman Company

Investment Insights

Based on property information with market context.

This for-sale multifamily development contemplates 248 apartment units, all market-rate. Opportunity Zone permits are ready to issue, and a general contractor bid is available.

The public remarks also note the property’s proximity to Edwards AFB, described as a recession-resistant government employer.

The offering is presented as a development opportunity supported by the current permitting status and available contractor pricing.

Key Highlights

  • Proposed 248‑unit, all market‑rate apartment project
  • Opportunity Zone permits ready to issue
  • Return on Cost of 6.85% stated in the remarks

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

248
Residential units

Location Intelligence

Trade Area within ½ mile

277
Businesses Nearby

Demographics for 93560, CA

21,581
Population
7,458
Households
2.9
Avg Household Size
34
Median Age
17%
College-Educated
85%
High-School Grad
167.9 sq mi
ZIP Area
129
Density / Sq Mi
$76,204
Median Household Income
$39,695
Median Earnings
$1,229
Median Rent
$324,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Proposed 248-unit, all market-rate apartment project with Opportunity Zone permits ready to issue.
Where is this apartment building located?
The property is located at 2301 Sierra Hwy Rosamond, CA.
What are key features of this property?
This property features: Proposed 248‑unit, all market‑rate apartment project; Opportunity Zone permits ready to issue; Return on Cost of 6.85% stated in the remarks
More about this property
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