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Avenue R near 20th St East
Palmdale, CA 93550
Ave R Multi-Family Development Site · Land For Sale · 2.04 AC
INVESTMENT HIGHLIGHTS
- Located in Opportunity Zone!
- Great in-fill location close to schools and shopping!
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.04 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 2.04 AC |
DESCRIPTION
2.04 +/- acres multi-family development site located in the state *Opportunity Zone! RN-2 zoning allows 10-20 DU/AC and current density bonuses could increase the yield considerably! Preliminary drawings utilizing available density bonuses prepared by seller show a potential for 80 units! This is a great infill location nestled between 2 churches with over 200ft of frontage along Avenue R and SFR to the south! Avenue R is currently undergoing street widening and signal improvements to help increase its traffic capacity to better accommodate this growing area! *Opportunity Zone: Palmdale’s designated census tract zones lets businesses invest for valuable tax benefits. Invest-ments made by individuals through special funds in these zones defer or eliminate federal taxes on capital gains. https://www.irs.gov/newsroom/opportunity-zones
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $440,986 | |
| Land Assessment | $333,488 | Total Assessment | $774,473 |
PROPERTY TAXES
ZONING
| Zoning Code | RN 2 (10-20 DU/AC) |
| RN 2 (10-20 DU/AC) |
