This exceptional 1.38-acre parcel is ideally situated at the intersection of N. Walnut and 4th Street in Arvin, California, zip code 93203. The property, identified by APN 190-260-08, is owned by the City of Arvin and is being offered for sale. The land is zoned R-3, presenting significant development opportunities for residential projects. This prime location offers easy access to local amenities and transportation routes. The sale of this property is governed by the California Surplus Land Act. Interested parties must review and adhere to the Notice of Availability (NOA) and submission requirements, which are available for download. The NOA outlines the process for submitting a written expression of interest to purchase the property. This submission must be received within 60 days of January 9, 2024, at 5:00 PM PST. The property's latitude and longitude coordinates are 35.2117 and -118.83511 respectively. This is a unique opportunity to acquire a substantial residential land parcel in a growing Kern County community. The property is being sold as-is. All interested parties are responsible for conducting their own due diligence. This offering presents a compelling investment prospect for developers seeking to capitalize on the potential of this valuable land. Further details regarding the sale process and requirements are available in the downloadable NOA document.
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
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Risks
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