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    CA-2 Mile Marker Ln 50.93 Palmdale, CA 91011

    Sponsored
    For Sale
    $5,985,000

    10-Acre Mountain Property, Huge Potential

    Property size:
    10,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Newcomb's Ranch, a legendary 10.17-acre property in the Angeles National Forest (Los Angeles County, CA), presents a unique investment opportunity. This fee-simple ownership includes two buildings totaling 10,026 square feet on a 5,340-foot elevation site. Built in 1939, the property boasts a rich history as a roadhouse, restaurant, hotel, and more, currently vacant. The permitted A-2-2 zoning allows for potential development into a boutique hotel or glamping destination. Located at CA-2 Mile Marker LA 50.93 (near La Cañada Flintridge, zip code 91011), it's a 45-minute drive from Pasadena. The property's prime location adjacent to exceptional hiking, camping, and mountain biking trails within the Angeles National Forest, coupled with its proximity to Mt. Waterman Ski Lifts (10-minute drive), makes it an attractive destination. Its popularity with motorcyclists and car enthusiasts, drawing thousands of visitors each weekend, is well documented. The $5,985,000 asking price translates to $596.95 per square foot. This is the only privately-owned property along the Angeles Crest Highway (CA-2), offering unparalleled development potential and a truly unique investment opportunity in a stunning mountain setting. The property's APN is 3066-011-033. The two buildings are two stories each.

    Property Features for CA-2 Mile Marker Ln 50.93

    General Information

    Property type
    Restaurants
    Square Feet
    10,026 SF
    Lot Size
    443,005 SF

    Building Details

    Year Built
    1939
    Buildings
    2
    Stories
    2

    HighLights

    • Historic 1939 roadhouse on ±10.17 acres, the only private property along Angeles Crest Highway (CA‑2).
    • Popular destination for motorcyclists and car enthusiasts, hosting numerous automotive events.
    • ±10.17‑acre parcel with development potential for boutique hotel or glamping.
    • Mountain setting 45 minutes from Pasadena, near Mt. Waterman Ski Lifts, offering scenic views and recreational opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.002
    Latitude
    34.329823

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    FAQs

    What type of property is this?
    Restaurant - 10-Acre Mountain Property, Huge Potential
    Where is this restaurant located?
    The property is located at CA-2 Mile Marker Ln 50.93 Palmdale, CA.
    What is the asking price?
    The asking price for this property is $5,985,000.
    What are key features of this property?
    This property features: Historic 1939 roadhouse on ±10.17 acres, the only private property along Angeles Crest Highway (CA-2).; Popular destination for motorcyclists and car enthusiasts, hosting numerous automotive events.; ±10.17-acre parcel with development potential for boutique hotel or glamping.
    Request Owner's contact information
    CA-2 Mile Marker Ln 50.93 Palmdale, CA 91011
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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.

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    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.

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    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
    CA-2 Mile Marker Ln 50.93 Palmdale, CA 91011
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