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Description
The SUBJECT property is located along Bellflower St. and Larkspur Rd. in Adelanto, CA. Zoned R-S5, it is irregular in shape, with a reverse step up path along the southeast corner of the parcel. A total of ±2 acres, it is just north of an easement that is shared with a mobile home park and sits south of several homes and multi-family complexes. At the street connectivity to area utilities is an advantage for the Subject, compared to many raw parcels far from any infrastructure. The property is flat throughout with little vegetation and/or brush. Current zoning allows for single family dwellings of 1.1-5 dwellings per acre. Based on the size and the probable setbacks and roads required to divide the parcel, it is estimated that a 5-8 parcels could be created when the Subject is subdivided for a possible development. Buyer to verify all information with City of Adelanto. Current neighborhood surrounding the parcel is a mix between newer properties and older homes along with schools nearby and shopping minutes away along US Hwy 395. Adelanto is poised for future growth with multiple developments ongoing including residential, retail and solar.
Any builder will want to look at this, or simply an investor seeking to flip or hold for a future appreciation. The High Desert is one of the fastest growing areas in the state with its affordability and opportunity for both living and working. Located within an Opportunity Zone, there is potential for certain tax benefits to develop here. Owner may carry.
Location
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Listing Agent: Tony Scafidi Courtesy of: Rigel Capital The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 2nd February, 2023 8:25 PM (UTC)
