MLS® ID: 818005023IT

Vac/12 Th Ste/Vic Avenue Q5 St

Palmdale, California, 93550

$995,000 Active
  • - SQFT
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
Read More

Listing courtesy of Realty Nation

Amenities

  • Zip
    93550
  • Office name
    Realty Nation
  • Property type
    Residential Land
  • Zoning type
    PDR4
  • Lot size
    1.99
  • Tax year
    0
  • Agent name
    Davit Yeghishyan
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $900k-$1m
  • Area
    Palmdale
  • Office ID
    1345051
  • Agent ID
    1829210

Location

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info