Property profile

Applewood Dr Tehachapi, CA 93561

OFF-MARKET
Apartment buildings
25,000 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a shovel-ready 25,000 square foot duplex located on Applewood Drive in Tehachapi, California. The property offers significant potential for redevelopment, with existing plans and drawings available for review. The current structure is a duplex, but the site's zoning allows for the construction of up to 96 residential units, easily adaptable for apartments or condominiums. This presents a unique chance to capitalize on the growing demand for housing in the Tehachapi area. The comprehensive plans facilitate a streamlined development process, minimizing delays and maximizing efficiency. All necessary documentation is readily accessible, providing a clear path to project commencement. The 25,000 square foot lot offers ample space for the proposed development, ensuring sufficient room for all planned units and associated amenities. This property is ideally situated in Tehachapi, offering convenient access to local amenities and transportation routes. The existing duplex provides immediate income potential while development plans are finalized and implemented. This is a rare opportunity to acquire a high-potential development site with pre-approved plans, minimizing risk and maximizing return on investment. Don't miss this chance to secure a prime piece of Tehachapi real estate with substantial upside potential. Contact us today to learn more.

Property profile

Verified
Property type Apartment buildings
Total area 25,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Applewood Dr Tehachapi, CA 93561
Tehachapi metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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