38547 10th St E - Residential LAND FOR SALE


Palmdale, CA 93550 46,609 SF
$1,649,000 USD
805-207-6713
38547 10th St E, Palmdale, CA for Sale
$1,649,000 USD
Residential LAND - FOR SALE
1/11
46,609 SF

38547 10th St E
Palmdale, CA 93550


HIGHLIGHTS

  • FULLY ENTITLED 50-Unit Multifamily Land Development Opportunity in Palmdale!
  • Recent news indicates significant hiring initiatives at Northrop Grumman in the region, creating a strong demand for new housing options.
  • 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.

OVERVIEW

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 1/2 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.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/ACRE

$1,541,128/AC

PRICE/SF

$35 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Entitled 50 Unit Multifamily

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Master Planned Community, Single Family Development

LAND ACRES

1.07 AC

LAND SF

46,609 SF

OFFSITE IMPROVEMENTS

-

ZONING

RE13

APN/PARCEL ID

3008-038-011,3008-038-012,3008-038-013,3008-038-015,3008-038-019,3008-038-034,3008-038-035,3008-038-036,3008-038-037

ASK ABOUT THIS PROPERTY

Omid TebyaniKW CommercialMore Info
805-207-6713

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Omid TebyaniKW CommercialMore Info
805-207-6713

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