0 Meridian Ave Lucerne Valley, CA 92356
This 9.68-acre vacant land parcel in Lucerne Valley, CA, presents a unique investment opportunity. Located on Meridian Road, it enjoys a prime position adjacent to the forthcoming Rancho Lucerne development, a planned community featuring over 4,000 residences, a 27-hole golf course, and approximately 30 acres of commercial and retail space, with construction anticipated to begin in the second quarter of 2024. The property's LV/RL zoning allows for one dwelling unit per 2.5 acres. Its convenient location offers proximity to Lucerne Valley Elementary School and Lucerne Valley Middle/High School, both within 1.5 miles. Nearby amenities include Dollar General, Lucerne Valley Market & Hardware, Cafe 247, and China House, all easily accessible near the SR-247 and CA-18 intersection. The APN is 0450-022-08. The asking price is $90,000. This property is being sold AS-IS. Prospective buyers are strongly advised to conduct their own due diligence to verify all information provided.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.