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    Kendall Ave Ridgecrest, CA 93555

    Sponsored
    For Sale
    $1,500,000

    75-Lot Subdivision, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 75-lot residential subdivision in Ridgecrest, California, within Kern County. The property boasts approved plans for estate lots, each a minimum of 10,000 square feet, offering stunning views. Located in a highly desirable area known for its $500,000+ homes, this development benefits from its proximity to the China Lake Naval Weapons Station, currently undergoing a significant $3 billion modernization and reconstruction project. The lot size is 26.92 square feet, and the asking price is $1,500,000. This non-contingent offering requires a 10% earnest money deposit on the winning bid, plus a 5% platform fee (minimum $20,000), and a $5,000 participation deposit. The property's zoning permits the creation of estate lots, ensuring a high-value development. This presents a unique chance to capitalize on the strong demand and rapidly increasing home prices in the area, with Redfin reporting a 68% increase in the past year. The design review approval is already in place, streamlining the development process. This is an exceptional opportunity for investors seeking a high-return, high-demand residential development project in a prime location.

    Property Features for 0 Kendall Ave

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price for a 26.92‑acre land parcel.
    • 75‑lot residential subdivision with approved design review.
    • Minimum lot size of 10,000 square feet; estate lots.
    • View lots available.
    • Prestigious Ridgecrest location, near homes valued at $500,000+.
    • Close proximity to the China Lake Naval Weapons Station, undergoing a $3 billion modernization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.6791991
    Latitude
    35.5861272

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    FAQs

    What type of property is this?
    Land - 75-Lot Subdivision, Prime Location
    Where is this land located?
    The property is located at Kendall Ave Ridgecrest, 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: $1,500,000 asking price for a 26.92-acre land parcel.; 75-lot residential subdivision with approved design review.; Minimum lot size of 10,000 square feet; estate lots.
    Request Owner's contact information
    Kendall Ave Ridgecrest, CA 93555
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    Ridgecrest, CA 93555
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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
    Kendall Ave Ridgecrest, CA 93555
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