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    OFF-MARKET
    Commercial real estate

    20845 83Rd St, California City, CA 93505

    0.31 ac lot
    Property ID
    US09-4325607
    Property summary
    AI-generated overview

    This ±0.311-acre (approximately 13,545 square feet) parcel presents a remarkable opportunity for multifamily development in California City, CA. Zoned RM1 for high-density residential, this level lot boasts convenient access from paved road frontage on the south and east. Utilities are readily available, with an electric pole on the west edge, natural gas nearby, and a fire hydrant at the corner. Water access is at the street. The property's central location offers proximity to existing businesses, developments, and a local school, enhancing its appeal. Nearby, a fully rented 24-unit apartment complex showcases the potential for similar projects. The site enjoys a peaceful setting, close to a neighborhood walking path. Its strategic location provides easy access to California City Boulevard and is within eight miles of Highway 14, offering convenient connections to Mojave, Tehachapi, Golden Hills, and Lancaster. The seller is offering attractive financing options, including a seller-carry loan with only a 10% down payment. The lot measures approximately 126 feet wide by 96 feet deep. The APN is 203-141-09-00-4. This is an exceptional investment opportunity in a growing area.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.31 ac (13,547 SF)
    APN 203-141-09-00-4
    UPID US09-4325607
    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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