38543 10th ST E new Save Request In-Person Tour Request Virtual Tour
Palmdale,CA 93550
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25077665
HOA Y/N No
Lot Size 1.071 Acres
Property Description
FULLY ENTITLED 50-Unit Multifamily Land Development Opportunity in Palmdale!Prime vacant land offering for ground-up construction of a 50-unit multifamily apartment building. This sale encompasses nine contiguous parcels totaling approximately 46,635 square feet (1.07 acres). The property boasts full entitlement for immediate development. The site is strategically located on the southwest corner of East Avenue Q-4 and 10th Street East (APNs: 3008-038-011, -012, -013, -015, -019, -034, -035, -036, and -037), offering excellent visibility and accessibility. This is a rare chance to capitalize on Palmdale's growing demand for multifamily housing with a Fully Entitled 50 Unit project. Adding to the area's appeal and future growth, Palmdale is a planned stop along California's high-speed rail project, promising enhanced connectivity and economic benefits. Plans are for a total of 3 rail services and 1 freight. Two will be for the California Highs-peed Railway and 1 for the Brightline West/High Desert Corridor which will also be interfacing there (The Socal to Las Vegas Bullet train). The station is less than ½ mile from the future building.Furthermore, recent news indicates significant hiring initiatives at Northrop Grumman in the region, creating a strong demand for new housing options. This presents a compelling opportunity for a developer to meet the increasing residential needs of a growing workforce and a more connected community. Property is located in an opportunity zone prominently.
Location
State CA
County Los Angeles
Area Plm - Palmdale
Zoning PDC2*
Interior
Fireplace No
Exterior
Community Features Curbs,Storm Drain(s),Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available,Overhead Utilities
View Y/N No
View None
Present Use Residential
Building
Lot Description Corner Lot,Irregular Lot,Level,Street Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 3008038034
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan
Special Listing Condition Standard
Lease Land No