2301 Rosamond Blvd Rosamond, CA 93560
This exceptional 12.1-acre parcel in Rosamond, CA, presents a remarkable opportunity for multifamily development. Located at 2301 Rosamond Blvd, 93560, this property boasts approved plans for a substantial 248-unit Class A multifamily community. The existing entitlements, encompassing all necessary studies and materials, significantly streamline the development process, reducing time and costs associated with obtaining approvals. The property is zoned R-3 PD FPS, allowing for the construction of the already-approved two-story building design. The land's value is assessed at $321,897 per acre, totaling an asking price of $3,969,000. The APN is 258-110-11. This turnkey development opportunity offers a significant advantage to investors seeking a high-return project with minimal pre-development hurdles. The comprehensive package includes all necessary documentation to commence construction immediately. The property's location in Kern County provides access to key infrastructure and amenities. With its substantial size and pre-approved plans, this property represents a rare chance to acquire a ready-to-build multifamily development in a growing California market. The approved plans include parking for 2.2 units per dwelling.
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.