8991 Grapewood Ave California City, CA 93505
This exceptional ±0.31-acre (approximately 13,462 square feet) residential lot presents a unique opportunity in California City, CA. Located in a desirable area near existing businesses and developments, this level lot boasts convenient access to local amenities, including a nearby school within walking distance. The property enjoys paved road frontage, a readily available fire hydrant, and an electric pole at the northern edge. Water access is conveniently located at the street. The peaceful neighborhood features a walking path, enhancing the property's appeal. Surrounding properties include a 2007-built home to the east and a recently remodeled (2024) home on a similar-sized lot, indicating a strong neighborhood profile. This property offers easy access from California City Boulevard, placing it within eight miles of Highway 14. Commuters will appreciate the proximity to Mojave, Tehachapi, Golden Hills, and Lancaster, all within a 30-40 mile radius. The lot measures approximately 134 feet wide by 120 feet deep. The property's APN is 203-175-14-00-5. The asking price is $25,000, and the seller is offering attractive financing options with only a 10% down payment required. This is an ideal opportunity for building a new home in a well-located, established neighborhood. The zoning is R1 Residential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.