0 Chief Joseph Rd Apple Valley, CA 92307
This exceptional 4.27-acre parcel in Apple Valley, California, presents a remarkable opportunity for multifamily development. Located on Chief Joseph Rd and identified by APN 3087-361-06, this property is zoned Multifamily Residential (R-M), allowing for the construction of 2 to 20 dwelling units per net acre. All utilities are conveniently located adjacent to the site, simplifying infrastructure connections. The land is currently unimproved, offering developers complete design flexibility. Future residents will enjoy proximity to a variety of amenities, including Albertson's, Stater Bros., Dollar General, Walgreens, Rite Aid, James Wood Community Center, and the Apple Valley Skate Park. Apple Valley's strategic location is further enhanced by the planned Brightline West high-speed rail station and maintenance facility, expected to commence construction in 2023. This high-speed rail will connect Las Vegas to Los Angeles, significantly boosting the region's economic growth and attracting residents. The asking price for this prime development land is $449,000. This represents a compelling investment opportunity in a rapidly developing area with strong potential for significant returns. Don't miss this chance to capitalize on the growth of Apple Valley.
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
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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.