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Property profile & analytics
OFF-MARKET
Industrial properties

7700 Redwood Blvd California City, CA 93505

0.9 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US09-3950503
Property summary
AI-generated overview

This exceptional California City investment opportunity presents 78,642 square feet (approximately 1.8 acres) of industrial land, perfectly suited for a cannabis operation. The property, located at 7700 Redwood Blvd, California City, CA 93505 (APN 206-031-10), comprises two merged parcels (originally APN 206-031-10 and 206-031-11), Lots 13 and 14 of Tract No. 2121, within Kern County. This land boasts four existing city permits, granting authorization for the construction of an indoor facility, a greenhouse, and a combined manufacturing and distribution area. The property is secure, featuring an 8-foot block wall and iron gates. This offering presents a unique chance to acquire a fully permitted cannabis cultivation and processing site. Expansion opportunities exist with the potential to purchase four adjacent parcels (APN's 299-261-11, 299-261-12, 299-261-13, and 299-261-14), each slightly over one acre and zoned M1, located near Neuralia and Mendiburu, approximately 2.5 miles north of the main property. An additional 4.11-acre parcel (APN 299-261-02) is also available for purchase, situated adjacent to these four lots. The asking price for the main 1.8-acre parcel is $1,200,000. The adjacent parcels are available for $175,000 each, and the 4.11-acre parcel is priced at $549,000. This presents a significant opportunity to acquire a substantial land holding ideal for cannabis-related ventures in a strategic location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction WOOD FRAME
Lot 0.9 ac (39,204 SF)
Zoning code M-1
APN 206-031-10-00-5
UPID US09-3950503
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Growth National Investment Group Ll · 2 yrs held
Growth National Investment Group Ll
since 2023
6 recorded transactions
2023
Price N/A
2021
Price N/A
2017
$15,000
2013
Price N/A
2004
$11,000
1992
$8,000
Zoning & alternative use
M-1 · California City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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