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High-Density Development Opportunity in the Heart of Palmdale!This flat and buildable 1.0605-acre lot (46,197 sq ft) is zoned R3, offering an exceptional opportunity to develop 20-30 multi-family units (Buyer to verify with City). Whether you're an experienced builder or a first-time developer, this property delivers the size, zoning, and location to make a high-return project a reality.Prime LocationLocated in a fully developed neighborhood near Palmdale Blvd, this site is just minutes from schools, parks, shopping centers, and retail amenities. Utilities are nearby, and access is convenient for future residents.Endless PossibilitiesMulti-family apartments (20-30 units possible)Townhome or condo communityLive-work development with a mix of residential and potential commercial spaces (if permitted)For those with a different vision, you could still design a large private estate with space for a custom home, pool, guest house, RV garage, and more.Offer InstructionsPlease send all offers to jph@theborgesrealestateteam.com and borgesteam.clientcare@gmail.com.Include:Proof of Funds (POF)Pre-Approval LetterResidential Purchase Agreement (RPA)Buyer to verify all zoning, density, and development options during the due diligence period. Renderings are conceptual only and based on buyer's independent confirmation with the City.Land Use Regulations https://www.codepublishing.com/CA/Palmdale/#!/Palmdale17/Palmdale1735.html%2317.35Single Family Developmenthttps://www.codepublishing.com/CA/Palmdale/#!/Palmdale17/Palmdale1736.html%2317.36Multifamily Developmenthttps://www.codepublishing.com/CA/Palmdale/#!/Palmdale17/Palmdale1736.html%2317.36Please refer to the uses allowed Section 17.35.020 for the RN3 zone. The property is not within an overlay zone.
Listing agent: Jason Hamilton DRE #02205643 jph@theborgesrealestateteam.com, Listing office: eXp Realty of Greater Los Angeles
MLS data updated 11/3/2026, 10:51:41 AM PT
Source: CRMLS, MLS #: P1-22839
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 13, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$151,000Asking price recorded · Aug 13, 2025ZIP 93550 · Aug 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.