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    Applewood Dr Tehachapi, CA 93561

    Sponsored
    For Sale
    $1,375,000

    9 Acres, Shovel-Ready, Multifamily Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 9-acre parcel in Tehachapi, California, presents a remarkable opportunity for developers. Located on Applewood Drive, 93561, this commercially zoned (Multi-Family) property (APN: 416500001) is priced at $1,375,000 and offers 96 shovel-ready lots. Complete plans and cost estimates are available, streamlining the development process. The city has approved the project, making this a truly turnkey investment. The seller is highly motivated and is willing to finance the project for a qualified builder, facilitating a smooth and efficient transaction. This prime location in Kern County offers significant potential for substantial returns. The property's multifamily zoning allows for the construction of a variety of residential units, catering to the growing demand for housing in the area. This is a rare chance to acquire a fully permitted and ready-to-build multifamily development in a thriving California market. Don't miss this exceptional opportunity to capitalize on the current market conditions and secure a profitable investment. All necessary documentation is readily accessible.

    Property Features for 0 Applewood Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    392,040 SF

    HighLights

    • $1,375,000 asking price.
    • Multifamily land property.
    • 9‑acre lot size.
    • Kern County, CA location, Tehachapi, 93561 zip code.
    • Multi‑family zoning.
    • 96 shovel‑ready lots; plans and estimates available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tehachapi
    County
    Kern
    State
    California
    Longitude
    -118.4533902
    Latitude
    35.1180165

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    FAQs

    What type of property is this?
    Multifamily property - 9 Acres, Shovel-Ready, Multifamily Zoning
    Where is this multifamily property located?
    The property is located at Applewood Dr Tehachapi, CA.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: $1,375,000 asking price.; Multifamily land property.; 9-acre lot size.
    (805) 340-0800
    Request Owner's contact information
    Applewood Dr Tehachapi, CA 93561
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    Tehachapi, CA 93561
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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
    Applewood Dr Tehachapi, CA 93561
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