Vac/12Th Ste/vic Avenue Q5 Street

  • Palmdale

  • $1,750,000
  • Acres
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Lot/LandDetails

Description & Essential
Description
Proposed 120-unit Apartment Building at Market Rate or 85 Units at Affordable Housing (CTCAC). Situated on two lots of 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
Essential
MLS #818005023
Price$1,750,000
Lot Square Feet≈ 86,663
CountyLos Angeles
StateCA
AreaPLM - Palmdale
ZonePDR4
StatusActive
Sale TypeStandard
Listing BrokerageRealty Nation
Listing AgentDavit Yeghishyan
Listing Agent BRE #01966032

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, October 15, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.