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    0 Aster Rd And Luna Rd, Victorville, CA 92392

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    Property summary
    AI-generated overview

    This exceptional ±74-acre parcel presents a unique investment opportunity in Victorville, California. Located at the intersection of Aster Road and Luna Road (APN 3133-041-01), this R-1 zoned land is ideally suited for residential development. The property is strategically positioned within a rapidly expanding area, surrounded by new residential communities currently under construction. This prime location offers significant potential for various housing projects, including market-rate homes, age-qualified housing, and build-for-rent (BFR) communities. Projected home prices are anticipated to fall below FHA limits, making this development attractive to a wide range of buyers. The property benefits from its proximity to the Southern California Logistics Airport (SCLA), further enhancing its appeal. Moreover, the area is poised for substantial job growth due to the upcoming High Desert Corridor (HDC), which will connect Victorville to the Antelope Valley, and the BNSF Barstow International Gateway project, a planned 4,500-acre integrated rail facility expected to create thousands of jobs. The planned Brightline High Speed Train Terminal, linking Las Vegas to the Victor Valley and Rancho Cucamonga, adds another layer of connectivity and future growth potential to this already promising location. This is a rare opportunity to capitalize on the burgeoning growth of the Victorville area and secure a significant stake in its future. The property is situated in San Bernardino County, CA, zip code 92392.

    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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    Permitted uses
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