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Listed by Scott Vu • Nexus Commercial
$189,500
Est. payment /mo
0.73 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-26068733
Lot Size 0.735 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Unlock the potential of this prime multi-family development opportunity in the growing High Desert community of Apple Valley. This ±32,000 SF (nearly ¾-acre) unimproved parcel (APN: 0473-113-09-0000) is ideally located on Olalee Road and offers a ready-to-build canvas for your next residential investment.
Zoned Multi-Family Residential (R-M), the property allows for up to 20 dwelling units per net acre—making it well-suited for apartment development in a market experiencing steady growth and increasing housing demand. Essential utilities including water, sewer, and power are available at the site, helping streamline development timelines and costs.
Positioned near St. Mary Medical Center and surrounded by established medical offices, the location is highly desirable for tenants seeking convenience and accessibility. Residents will also enjoy close proximity to everyday retail and dining options such as Target, Walmart, Albertsons, Starbucks, and Tom's Family Restaurant.
Adding to its accessibility, the property is located less than five minutes from California State Route 18 (Happy Trails Highway), providing convenient regional connectivity. Adding to its long-term investment appeal, Apple Valley is set to play a key role in regional transportation with the upcoming Brightline West, which will connect Los Angeles to Las Vegas. With construction anticipated to begin in 2025 and operations projected by 2028, the project is expected to bring approximately 10,000 jobs and significant economic growth to the area.
Whether you're a developer or investor, this property presents a rare opportunity to capitalize on a well-located, high-potential multi-family site in one of Southern California's emerging growth markets.
Zoned Multi-Family Residential (R-M), the property allows for up to 20 dwelling units per net acre—making it well-suited for apartment development in a market experiencing steady growth and increasing housing demand. Essential utilities including water, sewer, and power are available at the site, helping streamline development timelines and costs.
Positioned near St. Mary Medical Center and surrounded by established medical offices, the location is highly desirable for tenants seeking convenience and accessibility. Residents will also enjoy close proximity to everyday retail and dining options such as Target, Walmart, Albertsons, Starbucks, and Tom's Family Restaurant.
Adding to its accessibility, the property is located less than five minutes from California State Route 18 (Happy Trails Highway), providing convenient regional connectivity. Adding to its long-term investment appeal, Apple Valley is set to play a key role in regional transportation with the upcoming Brightline West, which will connect Los Angeles to Las Vegas. With construction anticipated to begin in 2025 and operations projected by 2028, the project is expected to bring approximately 10,000 jobs and significant economic growth to the area.
Whether you're a developer or investor, this property presents a rare opportunity to capitalize on a well-located, high-potential multi-family site in one of Southern California's emerging growth markets.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Zoning R-M
Exterior
Community Features Rural
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N Yes
View Mountain(s), See Remarks
Building
Lot Description Corner Lot, Level, Lot 20000-39999 Sqft, Near Public Transit, 16-20 Units/Acre
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823