Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Greeley Drive California City, CA 93505

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Greeley Drive, California City, CA
    For Sale
    Contact for pricing

    D - California City, CA

    Lot size:
    0.26 Acres
    Added:
    Nov 27, 2024
    Days on Market:
    519
    Last Refresh:
    Apr 30 at 7:06 pm

    Property Features for Greeley Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RM1/RM2
    Exterior features
    None - See Remarks
    Standard status
    Active
    APN
    285-201-11
    Lot size
    0.26 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    George Mamayan
    George Mamayan

    Listing agent George Mamayan License #01330709

    Listing office Mamayan Realty Inc 9433 California City Blvd, California City, CA 93505, California City, CA

    Listing date Nov 27, 2024

    MLS# 24008779 Listing URL

    Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Lot Near Parkway

    This multifamily lot, located near 20th Mule Team Parkway in California City, California, offers over 11,000 square feet of space. The property is zoned RM1/RM2 and has a lot size of 0.26 acres. An opportunity exists to expand the site by acquiring the adjacent property, potentially creating a combined area exceeding 22,000 square feet within the Multi-Family Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    California City
    County
    Kern
    State
    California
    Longitude
    -117.808205
    Latitude
    35.178497

    Nearby Similar for Sale

    • $750,000
      5,000 SF

      California City Industrial Building

      5,000 SF industrial building in California City, CA.
      19901 Neuralia Road, California City, CA 93505
      View Details
    • $420,000
      3,555 SF

      California City Multifamily Investment

      Two duplexes near city hall and clinics.
      9231 N Loop, California City, CA 93505
      View Details
    • $777,000
      4,000 SF

      California City Multifamily Investment

      Four units, each with two bedrooms and two bathrooms.
      8531 Columbine Avenue, California City, CA 93505
      View Details
    • $300,000

      California City Land For Sale

      45+ acre commercial land parcel with frontage and utilities.
      California City Boulevard, California City, CA 93505
      View Details
    • $495,000
      4,500 SF

      California City Industrial Property

      Industrial M1 zoned property suitable for cannabis and related industries.
      6001 Curtiss Place, California City, CA 93505
      View Details
    • $12,000

      Commercial Lot in California City

      Commercial lot with utilities access near schools.
      Hacienda Boulevard, California City, CA 93505
      View Details
    • $384,900
      1,700 SF

      New Duplex Investment Opportunity

      New construction duplex with modern upgrades, ideal for rental income.
      21511 Lyn Street, California City, CA 93505
      View Details
    • $20,000

      Commercial Land in California City

      Commercial zoned property with power and water available.
      S College Boulevard, California City, CA 93505
      View Details
    • $16,500

      Residential Corner Lot in California City

      Corner residential lot with utilities available for new home construction.
      7901 Kalmia Avenue, California City, CA 93505
      View Details
    • $5,000

      Commercial Lot in California City

      Commercial land available in California City, California.
      Hans Boulevard, California City, CA 93505
      View Details
    • $54,950

      California City Land Parcels

      Two contiguous parcels in the Civic Center District.
      0 Hacienda Boulevard, California City, CA 93505
      View Details
    • $12,500

      Residential Land in California City

      Quarter acre residential lot zoned for multi-family development.
      9351 Evergreen Avenue, California City, CA 93505
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Multifamily lot over 11k sq ft near 20th Mule Team Pkwy.
    Where is this residential land & home lot located?
    The property is located at Greeley Drive California City, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Multifamily lot over 11k sq ft; Near 20th Mule Team Pkwy; Multi‑Family Zone
    (818) 974-7650
    We can help!
    Listing Contact
    George Mamayan
    George Mamayan
    Real Estate License ID: 01330709
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!