Vac/12th Ste/Vic Avenue Q5 Street E Palmdale, CA 93550

221512367 34.4834 -118.0804 124 /listing/221512367-150137957/vac12th-stevic-avenue-q5-street-e-palmdale-ca-93550 False 0 1350000.0 102 818005023 False
  • $1,350,000
  • 86,663 lot
  • Est payment $7247.09/mo

Property & Neighborhood Info

Courtesy Of Davit Yeghishyan, Realty Nation

Vacant Land in Palmdale

Proposed 120-unit Apartment Building at Market Rate or Affordable Housing. Property is located in Opportunity Zone (Part of Investing in Opportunity Act). Situated on approximately 87,084 square feet lot zoned R4-50 with 148 feet of frontage on 11th & 12th Street East, the property is within 0.80 miles of the High-Speed Rail. The current plans are for a five-story structure consisting of five levels of apartments over above-grade garage & one level of subterranean garage. All units have private patios or balconies. The property consists of twenty 1-bedroom, eighty 2-bedroom, and twenty 3-bedroom units. The project is proposed for 120 total units at market rent. The property features a gym, spa, onsite management office and 2 community rooms. Property is located close to City Hall and major streets. Current owner has Survey, Soils Report & Lot Merger.The City of Palmdale has a 50% Density Bonus for Senior Housing Project. Opportunity to get a total 180 units for Senior Housing with Density Bonus.L.A. County set to build its first new freeway in 25 years http://www.latimes.com/local/california/la-me-high-desert-freeway-20180210-htmlstory.html

Courtesy Of Davit Yeghishyan, Realty Nation
  1. 86,663 Lot

Main Features

  • Listing Status: Active
  • County: Los Angeles
  • Zoning: PDR4
  • Subdivision: Not Applicable - 1007242
  • MLS Number:818005023

Additional Features

  • Lot Features:
    • Corners Established
    • Lot-Level/Flat
    • Over 40 Units/Acre
    • Utilities - Overhead
  • Survey:
    • Corners Marked
    • Survey Done
  • Utilities:
    • Underground Utilities
  • Community Features:
    • Curbs
  • CDOM:
    • 99
  • Special Conditions:
    • Standard
  • Lot Size Acres:
    • 1.9900
  • Lot Size Area:
    • 86663.0000
  • Lot Size Square Feet:
    • 86663.00
  • Price Per SQFT:
    • 15.58
  • Tax ID:
    • 3015004038
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
James Baker
James Baker
Realtor®

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Vac/12th Ste/Vic Avenue Q5 Street E Palmdale, CA 93550

221512367 34.4834 -118.0804 124 /listing/221512367-150137957/vac12th-stevic-avenue-q5-street-e-palmdale-ca-93550 False 0 1350000.0 102 818005023 False
  • $1,350,000
  • 86,663 lot
  • Est payment $7247.09/mo