0 Olive St Hesperia, CA 92345
This exceptional 5.2-acre parcel, located on Olive Street in Hesperia, California (zip code 92345), presents a remarkable opportunity for residential development. The property, identified by APN 0410-191-06, is zoned R-3, allowing for medium-density residential construction, as defined within the Main Street and Freeway Corridor Specific Plan. Situated in the heart of Hesperia, this land benefits from its convenient location near desirable amenities and existing infrastructure. Utilities are readily available on-site, simplifying the development process and reducing upfront costs. The high demand for housing in the local area makes this a particularly attractive investment. The asking price for this expansive lot is $630,000, offering significant potential for return on investment. Given its size, zoning, and location, this property is well-suited for a variety of residential projects, catering to the growing need for housing in Hesperia. Serious inquiries are encouraged to explore the possibilities of this prime development opportunity.
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.