Property profile

0 Pinon St Tehachapi, CA 93561

OFF-MARKET
Land
44.83 ac lot
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Property summary

AI-generated overview

This exceptional 44.83-acre parcel presents a unique opportunity for residential development in Tehachapi, California. Located on Pinon Street, 93561, within Kern County, this property boasts a desirable T-4 zoning designation, permitting a variety of residential uses, including multi-family dwellings. The land is ideally situated adjacent to existing housing tracts, offering seamless integration into the established community. The asking price is $1,575,000, translating to $31,229 per acre. The property's APN is 417-011-04&05. Conveniently located, water and sewer lines are readily accessible on the north side of Pinon Street, at the existing housing development. Further enhancing its appeal, an adjacent property is currently undergoing the process of obtaining a residential tract map from the City for a planned residential development, suggesting strong potential for future growth and development in the immediate vicinity. This prime location and zoning make this a highly attractive investment for residential developers seeking a substantial landholding in a thriving community.

Property profile

Verified
Property type Land
Lot 44.83 ac (1,952,795 SF)

Cap rate & NOI

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

Location

Pinon St Tehachapi, CA 93561
Tehachapi metro
Google Maps

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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