2.57 acres of R-2 Multi-family in Palmdale


Printer
Friendly
Version

 
 
 

Location-
  @ 5th St East & Ave R-8  
     
Area-
  Palmdale
     
Acres-
 

2.57 acres (111,949 sq feet)

     
APN-
 

3010- 019- 008 & 012  

     
Zoning-
  R-2 (6 -10 units per acre)   
     
Topography-
  flat & level
     
Dimensions-
  both parcels, 380’ x 465’ deep
     
Utilities-
  on 5th St East & Ave R-8
     
Price-
  $570,000 ($5.09 psf)
     
Existing Notes-
  free & clear
     
Terms-
  all cash
     
Remarks-
 

Two contiguous R-2 parcels totaling 2.57 acres. R-2 zoning allows for multi-family construction use, allowing 6.1 to 10 units per acre. All utilities are on 5th St East or Ave R-8. Single family homes are located across Ave R-8 and 5th St East. Parcels are in the City of Palmdale. For residents in area that commute, the Freeway 14 is under 2 miles away. Nearest retail locations for everyday items would be at 5th St East and Palmdale Blvd, less than 1 mile to the north. Parcel 12 fronts both 5th St East & Ave R-8 with a 60 foot wide leg coming off of Ave R-8. Parcel 8 also has legal access to Mesilla Ave on the east, which is unimproved at this time.

With Palmdale and the Antelope Valley in the midst of their worst housing shortage in their history, the City of Palmdale could be open to more creative uses to increase the parcel's density. From the City’s web site, here is a explanation of how the City of Palmdale defines R-2 land use.

Highest & Best use: develop now / land bank

Buyer and buyer’s agent to verify all information provided herein by listing broker.

     
Safety and Cautions-
  Anyone inspecting, or walking on the property, off the road, should be aware that rattlesnakes and other desert wild life could be in the area. Be careful and use common sense!   
     
Directions to Property-
 

From the AV Fwy, exit at Ave S. Go east on Ave S for 7/10 of a mile to 5th St East. Turn left (N) on 5th St East and go 1/2 mile. Stop. You are now at Ave R-8. Subject parcel wraps around the house at the NE corner of 5th St East & Ave R-8.

.