Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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