Property summary
This exceptional 0.463-acre parcel in Victorville, CA, presents a lucrative investment opportunity. Zoned MDR (Mixed Density Residential), this property allows for the development of up to seven apartment or condominium units, subject to city approvals and development requirements. Located on paved Village Drive, the land boasts approximately 100 feet of frontage and a depth of roughly 181 feet. Its strategic location offers excellent access to major thoroughfares, including the I-15 via Mojave Drive, and is conveniently situated near key amenities. Village Drive connects to Amargosa Road, home to the Victor Valley Mall, major retailers like Target, and car dealerships. Proximity to Air Expressway, leading to the Southern California Logistics Airport, further enhances its appeal. The property's APN is 039506108. Financing options are available with a 35% down payment and a five-year, 7.5% interest rate. This land is zoned for up to seven units or three duplexes, making it an attractive prospect for developers seeking a prime location in a growing area. The property's address is 000 Village Dr, Victorville, CA 92394. The asking price is $145,750.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
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Zoning
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