7700 Redwood Blvd California City, CA 93505
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-1 · California City, CACalifornia City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.