850 S Downs St, Ridgecrest, CA 93555

Listing agent Theodore Zwicker License #CA 00328370

Listing office NAI Capital

Listing date Mar 20, 2025

Source Crexi

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Overview

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.

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Location Insight

• Map
• Local Demand

City

Ridgecrest

County

Kern

State

California

Longitude

-117.68768

Latitude

35.633639

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FAQs

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.