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$1,799,000
57 Days On Site

38543 10th Street E
Palmdale, CA 93550

For Sale|Multi Family|Active
0
Beds
0
Total Baths
97,043
SqFt
$19
/SqFt
1954
Built
County:
Los Angeles
Listed by Omid Tebyani of Keller Williams Realty Calabasas [email protected]

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38543 10th Street E38543 10th Street E38543 10th Street E38543 10th Street E
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Monthly Payment (Est.)

$8,208
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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.

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Listing Snapshot
Price 
$1,799,000
Days On Site 
57 Days
Bedrooms 
N/A
Inside Area (SqFt) 
97,043 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.0706 Acres
Year Built 
1954
MLS® Number 
SR25079395
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 months agoListing first seen on site
2 months agoListing updated with changes from the MLS®
General Features
Acres 
1.0706
Number Of Stories 
3
Property Sub Type 
Multi Family
Special Circumstances 
Standard
SqFt Total 
97043
Utilities 
Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available
Water Source 
Public
Interior Features
Laundry Features 
None
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Exterior Features
Lot Features 
Irregular LotLevelNear Public Transit
Community Features
Financing Terms Available 
Cash
MLS Area 
PLM - Palmdale


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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