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    OFF-MARKET
    Land

    0 Yerba Blvd, California City, CA 93505

    0.21 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9,194 square foot lot, located in California City, CA (APN 218-062-07), presents a remarkable opportunity for developers. Zoned RM2, it's ideally suited for multi-family residential development. The property boasts paved frontage, access to utility lines, and is conveniently situated adjacent to existing structures. Its prime location is less than a block north of the high-traffic California City Boulevard, placing it near the town center. Priced affordably at $8,990 ($1/sq ft), this parcel offers significant potential given the high demand for housing in Southern California. An adjacent lot (APN 218-062-06) is also available for purchase, allowing for potential acquisition of both parcels. This property is a must-see for developers seeking a strategic investment in a growing California market. The zip code is 93505. The property is privately owned.

    Property profile
    Verified
    Property type Land
    Lot 0.21 ac (9,191 SF)
    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
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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