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Property profile

8025 Fernwood Ave California City, CA 93505

OFF-MARKET
Land
0.23 ac lot
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Property summary

AI-generated overview

This exceptional 0.23-acre (10,019 square feet) parcel presents a unique opportunity in California City, CA. Ideally situated near existing businesses and developments, this level lot offers convenient access and significant potential. The property boasts paved road frontage on the south and west sides, with readily available utilities. An electric pole is conveniently located on the north corner, and water access is available at the street. Its central location provides easy access to California City Boulevard, placing it within eight miles of Highway 14, offering excellent connectivity to surrounding areas. Commuters will appreciate the proximity to Mojave (minutes away), Tehachapi (28 miles), Golden Hills (30 miles), and Lancaster (40 miles). The property's zoning is R1 (Residential), allowing for diverse development possibilities. The lot measures approximately 120 feet wide by 85 feet deep, providing ample space for various projects. Furthermore, the seller is offering attractive financing options, including a seller-carry loan with only a 10% down payment. This property is also conveniently located near Central Park and offers quick access from Neuralia Road and California City Boulevard, with nearby access to north and southbound freeways and the California City Airport. The APN is 203-062-16-00-8. The asking price is $21,500.

Property profile

Verified
Property type Land
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

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

Location

8025 Fernwood Ave California City, CA 93505
California City metro
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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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