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    OFF-MARKET
    Land

    21806206 Yerba Blvd, California City, CA 93505

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
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    Permitted uses
    Allowed · conditional · prohibited
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