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    OFF-MARKET
    Land

    0 ±8.38 Ac Olivine Rd & Mesa Vw Dr, Victorville, CA 92392

    8.38 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8.38-acre residential land parcel, located at Olivine Rd & Mesa View Dr in Victorville, CA (zip code 92392), presents a compelling investment opportunity. Zoned Victorville R-1 Low Density Residential, this property allows for up to four units per acre, potentially yielding approximately 35 lots. The asking price is $395,000, translating to $47,136.04 per acre. Situated in a thriving area with significant new home development activity, the property benefits from the presence of established builders such as DR Horton, Richmond American, Frontier, UGI, and Legacy. All utilities are available at the site. Given the current market trends and projections of land value doubling in the coming years, this site offers attractive returns. The APN is 3134-021-08. This is a rare opportunity to acquire a substantial land holding in a rapidly growing residential market within San Bernardino County. Seller is open to reviewing all offers.

    Property profile
    Verified
    Property type Land
    Lot 8.38 ac (365,033 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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