10 Oleander St Adelanto, CA 92301
This exceptional 10-acre parcel of unimproved residential land presents a unique investment opportunity in the rapidly growing city of Adelanto, California. Located on Oleander Street, this property boasts a Rural Living (RL-5) zoning designation under San Bernardino County jurisdiction, allowing for the development of one dwelling unit per five acres. The property's APN is 0460-103-12. Its strategic location offers significant advantages, including proximity to the Southern California Logistics Airport, a major hub for global industry leaders such as Amazon, Boeing, GE Aviation, and others. The airport recently completed a substantial expansion of approximately 4 million square feet. This land is situated within a Qualified Opportunity Zone, making it eligible for potential tax benefits under the federal Qualified Opportunity Zone program. The High Desert region, an extension of the Inland Empire, is experiencing substantial growth, with millions of square feet of planned industrial development and tens of thousands of new housing units currently under construction. This presents a compelling opportunity for investors seeking to capitalize on the area's burgeoning growth. The asking price for this expansive property is $49,000. All information provided is believed to be accurate but should be independently verified by the buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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