Technical
Financial
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Property profile

21806206 Yerba Blvd California City, CA 93505

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 9,672 square foot lot in California City, CA (APN 218-062-06), presents a remarkable investment opportunity. Zoned RM2, it's ideally suited for multi-family residential development. The property boasts convenient paved frontage, readily accessible utility lines, and a prime location less than a block north of the bustling California City Boulevard, placing it near the heart of town. Its adjacency to existing structures further enhances its appeal. Priced affordably at $8,990, this land offers a compelling value proposition, especially considering the high demand for housing in Southern California. The lot's size translates to a price per acre of $58,514. An adjacent lot (APN 218-062-07-00-0) is also available for purchase, presenting the option of acquiring both parcels as a package deal. This property is a must-see for developers seeking to capitalize on the region's growth potential. The property is located at 21806206 Yerba Blvd, California City, CA 93505, in Kern County.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

21806206 Yerba Blvd California City, CA 93505
California City 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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