2.57 acres of R-2 Multi-family in Palmdale



  @ 5th St East & Ave R-8  

2.57 acres (111,949 sq feet)


3010- 019- 008 & 012  

  R-2 (6 -10 units per acre)   
  flat & level
  both parcels, 380’ x 465’ deep
  on 5th St East & Ave R-8
  $550,000 ($4.91 psf)
Existing Notes-
  free & clear
  all cash

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. General Plan land use is Neighborhood Residential 3..

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.