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Property profile & analytics
OFF-MARKET
Land

0 Meridian Ave Lucerne Valley, CA 92356

9.68 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 9.68 ac (421,661 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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