Entitled Land Opportunity in
For Sale
$1,500,000
38313 E 6th Street St, Palmdale, CA 93550
1.8-acre entitled land for 50-unit luxury apartment community.
Property Size78,400 SF
Lot Size1.80 Acres
Price / SF$19.13
Days on Market266
Property Features for 38313 E 6th Street St
General Information
Standard status
Active
Size
78,400 SF
Lot size
1.80 Acres
Property subtype
Lots/Land
Listing Agency:
Sovessa Inc.
(619) 592-2655
Listed By:
Stefan Misiraca · License #01381792
(619) 592-2655
Source:
Exitrealty
Added: Dec 2, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:28AM
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 Sovessa Inc.
Investment Insights
Based on property information with market context.
This is an entitled land opportunity for 1.8 acres with approvals in place for a four-story, 50-unit apartment community totaling 78,400 square feet. Located on 6th Street East & Palmdale Ave with all utilities at the site, this project is positioned to capture Palmdale’s surging demand for high-quality multifamily housing. The project includes 50 modern luxury apartments ranging from 500 to 1,200 square feet, offering studios, one-bedroom, and two-bedroom units. The contemporary four-story design includes an elevator. Resort-caliber amenities feature a clubhouse/lounge, leasing office, bike storage, gated dog run, community garden, picnic area, children’s playground, and EV charging stations. The property includes 11,343 square feet of landscaped outdoor space and 73 parking stalls, with a ratio of 1.46. It is walkable to retail and only 4 minutes by car to the existing Palmdale Transportation Center (Metrolink). This project is suitable for developers and investors seeking a high-yield, low-risk opportunity with best-in-class design.
Key Highlights
- Entitled 1.8‑acre development site approved for a 50‑unit luxury apartment community.
- Ready to build with all utilities at the site, capitalizing on high demand for multifamily housing.
- Potential for completion in under 12 months, offering a high‑yield, low‑risk investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 93550, CA
82,379
Population
23,965
Households
3.4
Avg Household Size
31
Median Age
10%
College-Educated
71%
High-School Grad
259.3 sq mi
ZIP Area
318
Density / Sq Mi
$63,811
Median Household Income
$34,287
Median Earnings
$1,573
Median Rent
$378,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 1.8-acre entitled land for 50-unit luxury apartment community.
Where is this land located?
The property is located at 38313 E 6th Street St Palmdale, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Entitled 1.8‑acre development site approved for a 50‑unit luxury apartment community.; Ready to build with all utilities at the site, capitalizing on high demand for multifamily housing.; Potential for completion in under 12 months, offering a high‑yield, low‑risk investment.
