Description
Muscatel St. & Santa Fe Ave. Hesperia, CA 92345
Residential - Hesperia CA
Located on the corner of Muscatel St. and Santa Fe Ave. in Hesperia is this exceptional 5.2 acre Multi Family Development Opportunity. The property is flat and the zoning is MDR (Medium to High Density Residential), allowing for 8-15 units per acre. Therefore, having the potential to develop 40-75 units, or more on the site. Currently, there is a conceptual site plan for a 105 unit apartment building. This property is neighboring multiple apartment buildings, is close to public transportation, and is inside a 2020 Qualified Census Tract (QCT).
This development opportunity is fifteen minutes to the Victor Valley Mall, Victor Valley College and the 15 Freeway. Additionally, the property is about 1 ½ hours from major job centers, such as Los Angeles and Orange County, and 45 minutes to San Bernardino. Moreover, the lot is only 1 hour from popular vacations locations, such as Pioneer Town and Lake Arrowhead, not to mention a short 2 ½ hour drive to Las Vegas. This is an exceptional opportunity to purchase a high yielding multi-family development, at a low entry price.
Property Features
