0 Primrose Avenue, Hesperia, CA 92345
List Price: $945K
Listing Status: Active
Original List Price: $995K
0Days on Market: 41
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 99,316 sq ft
MLS Number: TR26084871
About This Property
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.
Listing provided by: Jung Lyu DRE #02018698 213-880-4675 jung.lyu@gmail.com, Jung Lyu, Broker
Source: CRMLS, MLS #: TR26084871
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.