Property profile

0 Dante St Victorville, CA 92394

OFF-MARKET
Land
12.53 ac lot
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Property summary

AI-generated overview

This exceptional 12.53-acre parcel in Victorville, California, presents a remarkable opportunity for multifamily development. Located at 0 Dante St, 92394, this commercially zoned land boasts a Medium Density Multifamily designation, allowing for the construction of 18-30 units per acre, based on zoning regulations. Situated within the Desert Gateway Specific Plan, the property benefits from a planned mix of commercial and residential uses, fostering a transit-oriented lifestyle. Its strategic location offers easy access to the 15 Freeway, enhancing connectivity and accessibility. The property is adjacent to the Northgate Village Apartments, providing a clear indication of existing residential demand in the immediate vicinity. Furthermore, this location is poised to benefit from significant infrastructure developments. The proposed High Desert Corridor is planned to terminate or begin in this area, and the property is also near the proposed Brightline high-speed rail service connecting Apple Valley, CA, and Las Vegas, NV. This prime location, coupled with the favorable zoning and planned infrastructure improvements, makes this a highly attractive investment opportunity for developers seeking to capitalize on the growing demand for multifamily housing in the Victorville area. The asking price for this exceptional development site is $1,071,315. San Bernardino County location.

Property profile

Verified
Property type Land
Lot 12.53 ac (545,807 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Dante St Victorville, CA 92394
Victorville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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