5
See all 5 photos
$4,950,000
Est. payment /mo
876,863 SqFt
Price Dropped by $1.0M
0 S Downs Street Ridgecrest, CA 93555
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Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
Square Footage 876,863 sqft
Price per Sqft $5
MLS Listing ID 202503423
Lot Size 20.130 Acres
Property Sub-Type Acreage
Property Description
Unique opportunity for investor to acquire this one of a kind 20.13 acre land for a Master Planned Apartment Complex located in Ridgecrest, California. The projected project consists of 361 units of residential apartment living offering 2 bedroom, 2 bath units with 901 Sqft, and 3 bedroom, 2 bath units with 1,078 Sqft and 2 bedroom, 2 bath units with 950 Sqft. The proposed apartment complex will offer 712 parking spaces, 1 clubhouse, and a rental office with managers unit. This master planned community is ready for development and all the utilities necessary for the project are available at the street. Centrally located within the radius of the nearest commercial, educational, and recreational areas in the city of Ridgecrest. See attached documents. The Tentative Map that was approved in May 2024 is valid until November 2027. The 360-Unit project is divided into 3 phases: Phase 1 - 112 Units Phase 2 - 140 Units Phase 3 - 108 Units
Location
State CA
County Kern
Area 99
Zoning RH (Residential High Density, 14.1 to 29.0 dwelling units per acre
Building
Water Indian Wells Water District
Schools
Elementary Schools Other-Outlying
Middle Schools Other-Outlying
High Schools Other-Outlying
School District Other
Listed by Terri Bender • RE/MAX Golden Empire