37400 10th St E - Residential LAND FOR SALE


Palmdale, CA 93550 348,480 SF
$2,880,000 USD
619-592-2655
37400 10th St E, Palmdale, CA for Sale
$2,880,000 USD
Residential LAND - FOR SALE
1/7
348,480 SF

37400 10th St E
Palmdale, CA 93550


HIGHLIGHTS

  • Zoning allows 20-30 units per acre for 240 total units for attached single family, mulitfamily residential & up to 50 foot height
  • 1.4 miles from Hwy 14 Off-ramp via Avenue S (Gateway to L.A Metro)
  • Utilities On Site
  • Opportunity Zone

OVERVIEW

Prime Investment Opportunity in Palmdale Seize the chance to invest in Palmdale, a thriving aerospace hub with a severe housing shortage and robust economic growth. No new apartment developments in over 30 years have created an extreme supply/demand imbalance, perfect for residential development. High-Demand Market: Home to 20,000+ well-paid aerospace professionals from Northrop Grumman, Lockheed Martin, Boeing, General Atomics, and NASA at USAF Plant 42. Major Economic Drivers: Recent long-term defense contracts, including $80B for B-21 bomber jets, Skunk Works AI and robotics programs, and Supersonic X-Plane development. Job Growth: Immediate technical and assembly jobs, with 2,500+ new positions driving 6,000+ support jobs in the local economy. Regional Commitment: Lockheed Martin’s new 208,000 SF advanced manufacturing facility (2022) underscores long-term investment in Palmdale. Capitalize on this rare opportunity to develop in a high-growth, underserved market with strong economic fundamentals. Perfect for residential or mixed-use projects.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/ACRE

$360,000/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Multifamily Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

8 AC

LAND SF

348,480 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

RN-3

APN/PARCEL ID

3012-025-024,3012-025-025

ASK ABOUT THIS PROPERTY

Stefan MisiracaSovessa Commercial Real EstateMore Info
619-592-2655

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Stefan MisiracaSovessa Commercial Real EstateMore Info
619-592-2655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.