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    10Th St Palmdale, CA 93550

    Sponsored
    For Sale
    $3,480,000

    8 Acres, 240+ Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional opportunity to acquire ±8 acres of residential land in Palmdale, California. This property, encompassing two parcels (APN 3012025025, 3012025024) located on East 10th Street, is zoned RN-3, allowing for the development of 20-30 units per acre, potentially yielding over 240 units across four floors. The site boasts convenient access to Highway 14 via Avenue S, providing easy access to the Los Angeles metro area. All utilities (water, electric, phone, gas) are reportedly available in the street (buyer to verify). This prime location within the Antelope Valley offers a desirable rental market with low vacancy rates and affordable housing options, attracting renters from the larger Los Angeles County population. The property is situated in a designated Opportunity Zone, presenting additional tax advantages. Furthermore, there's potential to expand the land holdings by acquiring an adjacent ±6.2-acre parcel, resulting in a total of approximately 14 acres. Building height restrictions permit structures up to 50 feet, suitable for apartments, mid-rise buildings, or townhomes. A low-income density bonus of up to 50% may be available. The asking price is $3,480,000. A video showcasing the property is available online.

    Property Features for 0 10Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    348,480 SF

    HighLights

    • ±8‑acre residential land parcel in Palmdale, CA (APN 3012025025, 3012025024), zoned RN‑3.
    • Potential to acquire an adjacent ±6.2‑acre parcel for a total of ±14 acres.
    • Utilities (water, electric, phone, gas) available at street (buyer to verify).
    • 1.4 miles from Hwy 14 via Avenue S, providing easy access to Los Angeles.
    • Potential for 20‑30 units per acre, up to 240 units total, with 50‑foot height restrictions.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.110444
    Latitude
    34.5626

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    FAQs

    What type of property is this?
    Multifamily property - 8 Acres, 240+ Unit Potential
    Where is this multifamily property located?
    The property is located at 10Th St Palmdale, CA.
    What is the asking price?
    The asking price for this property is $3,480,000.
    What are key features of this property?
    This property features: ±8-acre residential land parcel in Palmdale, CA (APN 3012025025, 3012025024), zoned RN-3.; Potential to acquire an adjacent ±6.2-acre parcel for a total of ±14 acres.; Utilities (water, electric, phone, gas) available at street (buyer to verify).
    (619) 592-2655
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    10Th St Palmdale, CA 93550
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    Palmdale, CA 93550
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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
    10Th St Palmdale, CA 93550
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