Land Entitled for 198
For Sale
Contact for pricing
850 S Downs St, Ridgecrest, CA 93555
Land with approved plans, shovel-ready for multifamily housing development.
Property SizeContact for details
Days on Market511
Property Features for 850 S Downs St
General Information
Standard status
Active
Property subtype
Land
Zoning
R2
Listing Agency:
NAI Capital
Listed By:
Theodore Zwicker · License #CA 00328370
Source:
Crexi
Added: Mar 20, 2025
Changed: Aug 8
Last Checked: Aug 12 at 9:49AM
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 NAI Capital
Investment Insights
Based on property information with market context.
This land is entitled for 198 units and has approved plans for Phase 1, making the project shovel-ready. The average household income in Ridgecrest is approximately $70,000. No market-rate multifamily housing has been constructed in the area for over 30 years. Approximately $3 billion has been approved for China Lake Naval Base improvements over the next 5 years, with construction scheduled to commence early 2021. It is anticipated that 1,000 to 2,000 construction workers will be involved in the base reconstruction.
Key Highlights
- Approved plans and shovel‑ready status for Phase 1 allows for immediate construction.
- Significant demand due to lack of new "Market Rate" multifamily housing construction in over 30 years.
- Strong economic driver: $3B approved for China Lake Naval Base improvements commencing early 2021.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - Land with approved plans, shovel-ready for multifamily housing development.
Where is this land located?
The property is located at 850 S Downs St Ridgecrest, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approved plans and shovel‑ready status for Phase 1 allows for immediate construction.; Significant demand due to lack of new "Market Rate" multifamily housing construction in over 30 years.; Strong economic driver: $3B approved for China Lake Naval Base improvements commencing early 2021.
