Description
Prime development opportunity - 36-unit apartment project with civil plans approved and building permits in final plan check. Rare chance to acquire a nearly shovel-ready multifamily site with significant progress completed, allowing a developer to bypass much of the typical 12-18 month entitlement and approval process. Project includes approved plans for a 36-unit apartment complex with 81 parking spaces (approx. 2.25 spaces per unit), along with completed architectural, structural, and engineering work. Civil drawings have been approved, and building permits are in the final stages of review and nearing issuance, substantially reducing development timeline, risk, and carrying costs. Utilities and infrastructure approvals are in place, positioning the project for a streamlined path to construction. Ideal for developers seeking a high-upside opportunity with major pre-development milestones already achieved in a market where entitlement timelines and uncertainty can delay projects. This offering provides immediate value with the ability to close and move toward construction in the near term. Perfect for investors, builders, or developers looking to capitalize on a near-ready multifamily development. Buyer to verify all plans, permits, zoning, and development details with the city.
Details
| MLS # | TR26084871 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 189 |
| Listing Provided By | Jung Lyu, Broker | Jung Lyu |
Features
| Zoning | MDR |
|---|---|
| Acreage | 2.28 |
| Property View | None |
Exterior
| Lot Features | Thirty Six To Forty Units Acre |
|---|
Location
| Community Features | Valley |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Hesperia |
| Zip Code | 92345 |
| Area | HSP Hesperia |
| Listing VS Median (in 92345) | |
Price: $895,000 low | high Med: $468,000 On site: 189 low | high Med: 35.5 | |
Market Activity 92345
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Hesperia |
| Zip Code | 92345 |
| Area | HSP Hesperia |
| Listing VS Median (in 92345) | |
Price: $895,000 low | high Med: $468,000 On site: 189 low | high Med: 35.5 | |
