This property at Palmdale Blvd/Vic 217 Ste E , Black Butte, CA93591 has listed by RICO  MALLARI  PATOLOT but has not been updated for quite some time. Please contact the listing agent and broker for up to date information.

Palmdale Blvd/Vic 217 Ste E
Black Butte, CA93591

$125,000

Lots and Land
MLS#: CV23182865

Lot: 20.41acres

Huge land Along E Palmdale Blvd Excellent Location

CASH or Seller Financing for qualified buyer. Large parcel of Land in the path of development. Zoned for Heavy Agricultural (A-2), with a long list of possible use-see attached supplement for complete list. Located along East Palmdale Blvd. with 668 feet frontage, 90% flat terrain. An opportunity with so many possibilities. Great for buy and hold investor or for immediate development. Future developments: The High Desert Corridor (HDC) is a proposed multipurpose transportation route connecting Antelope Valley. APN : 3084-006-008

More details

Large Vacant parcel of Land in the path of development.  Located along Palmdale Blvd. with 668 feet frontage, 90% flat.  An opportunity with so many possibilities-maybe a dream ranch or farm, tract homes or future commercial or industrial estate. 

Terms :   CASH or Seller Financing for qualified buyers 
 
 Future developments:

The High Desert Corridor (HDC) is a proposed multipurpose transportation route connecting Antelope Valley in Los Angeles County with Victor Valley in San Bernardino County. The first phase is a 54-mile high-speed rail project between the two fast growing regions.

The HDC is funded by the voter-approved Los Angeles County Measure M Expenditure Plan with nearly $170 million in the current and near-term fiscal years as well as $1.9 billion in later years (2063-2067) that could leverage federal, state, and private funds to construct the HDC High Speed Rail Project.

Video of HDC Project :  HDCJPA Introductory Video - High De

High Desert Corridor Intercity High-speed Rail Corridor Project Awarded $8 Million Grant from California State Transportation Agency - High Desert Corridor JPA

 

 
This project will benefit all the properties nearby.  Just imagine, any project will become very viable in this area once this infrastructure is completed.  A very good investment for buy and hold. 

 Most recent comparable Sale:

Listing ID

Status

Street No

Parcel Number

List /Sold Price

Acres

Price Per Acre

Date Sold/Listed

1 . SR23115764

Active

 

3042-024-055

935,000

40.14

23,293.36

6/28/2023

2. SR16144258

Sold

47

3048-015-032

154,000

36.09

4,267.11

4/25/2023

3. 527857

Sold

 

3101-191-06

79,801

21.72

3,674.08

11/30/2022


4. Off-Market

Sold

 

3084-010-021

14,000

2.25

6,250.00

3/28/2022

5.  SR22202607

Sold

57

3047-009-013

97,500

15.05

6,500.00

12/13/2022

6.

Sold

 

3084-002-015

30,000.00

5.15

5,825.00

08/25/2023

7.

Sold

 

3084-002-016

19,000.00

2.49

7,630.00

04/07/2021
 

Notes to comparables:

1. APN 3042-024-055. Currently active status. Price per acres is relatively higher compare to subject property since it is located near the developed neighborhood-better location. Property is ideal for residential development.

2. APN 3048-015-032. Inferior comparable in terms of location & terrain. Located in unincorporated area of Los Angeles County.  Land terrain is hilly in all directions-Developer will have to spend more get this land flattened, while the subject is 90% flat. Any future development is possible. About 2 miles away from existing residential neighborhood north direction.

3. APN 3101-191-06.  Sold $3,675 per acre.  Also, an inferior comparable in terms of location.  Comparable is NOT located in major road and also an inner lot with no existing right of way for legal access. No utilities nearby.

4. APN 3084-010-021.  About 1.25 miles away from the subject property. Access road unpaved. Less than ½ mile from Palmdale Blvd. 3 Phase electricity along the property. Water and gas is unknown or may not be available at this time.

5.  APN 3047-009-013.  Like no. 3, Land is inner lot with no existing right of way for legal access. No utilities nearby.  About 2.2 miles away from the developed residential neighborhood.  Potential residential development in the future.

6.  APN 3084-002-015.  Along E Palmdale Bl ¾ miles way from the subject property, 5.15 Acres sold for $30K or 5,825/Acre on 8/25/2023.

7.  APN.  Along E Palmdale Bl about ¾ miles way from the subject property, 2.49 Acres sold for $19K or $7,630/Acre on 4/07/2021.

 
 

RICO  MALLARI  PATOLOT

Majestic Realty & Investment Co
424-944-8385
License: 01838217

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