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2 Shasta Rd Phelan, CA 92371

OFF-MARKET Land Google Maps
10 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 10-acre parcel, located at 2 Shasta Road in Phelan, California (APN 3038-491-02), presents a unique opportunity to build a custom home. Zoned PH/RL-5, this property offers breathtaking views and a tranquil desert setting, complete with snow-capped mountain vistas and spectacular night skies. Conveniently situated just south of Mesquite Road, the lot provides readily accessible power and water connections via neighboring properties. The area is experiencing significant growth, with high-end residential construction underway nearby, including projects adjacent to this property. Recent increases in property values underscore the strong investment potential. The location also benefits from the recent acquisition of a large parcel by the Buddhist Enlightenment Society just half a mile to the south, further indicating community development. Two neighboring parcels are also available for purchase, presenting potential for larger-scale development. This is an exceptional opportunity to create your dream home in a desirable and rapidly appreciating area. The asking price is $80,000.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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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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