0 Applewood Dr Tehachapi, CA 93561
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.