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    Of Palmdale Rd And Wintergreen Rd Pinon Hills, CA 92372

    Sponsored
    For Sale
    $400,000

    12-Acre Multifamily Development Opportunity

    Property size:
    525,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12.06-acre parcel, situated southwest of the intersection of Palmdale Road and Wintergreen Road in Phelan, California (zip code 92372), presents a remarkable investment opportunity. Currently zoned RL, this property offers significant potential for development. The existing apartment building boasts a substantial 525,334 square feet and is listed at $400,000, translating to a price per square foot of $0.76. The property's expansive size and flat terrain make it ideally suited for various development projects. The permitted zoning, RL, allows for a range of possibilities, including single-family subdivisions and mobile home parks, as indicated in the planned development designations. The property's location in San Bernardino County, California, offers access to key transportation routes and amenities. The Assessor's Parcel Number (APN) is 310045110. This is a rare chance to acquire a large, versatile property in a growing area, offering substantial upside potential for the discerning investor. The property's size and zoning provide flexibility for a variety of development scenarios, making it an attractive proposition for those seeking a significant land acquisition in a desirable location. Detailed plans and specifications are available upon request.

    Property Features for 0 Of Palmdale Rd And Wintergreen Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    525,334 SF
    Lot Size
    525,334 SF

    HighLights

    • 12.06‑acre parcel available for development.
    • Level, build‑ready site.
    • RL zoning allows planned developments.
    • Suitable for single‑family subdivisions or mobile home parks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pinon Hills
    County
    San Bernardino
    State
    California
    Longitude
    -117.6317494
    Latitude
    34.4340464

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    FAQs

    What type of property is this?
    Multifamily property - 12-Acre Multifamily Development Opportunity
    Where is this multifamily property located?
    The property is located at Of Palmdale Rd And Wintergreen Rd Pinon Hills, CA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 12.06-acre parcel available for development.; Level, build-ready site.; RL zoning allows planned developments.
    Request Owner's contact information
    Of Palmdale Rd And Wintergreen Rd Pinon Hills, CA 92372
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    Pinon Hills, CA 92372
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Of Palmdale Rd And Wintergreen Rd Pinon Hills, CA 92372
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