37900 10th St E
Palmdale, CA 93550
6.0 Acres RN3 Land Build Up to 180 units · Terrain À vendre · 6,00 AC

Located the west side of 10th Street E Avenue immediately adjacent and South of SecurCare Self Storage and to the West and across the street from Tumbleweed Elementary School in Palmdale, California.
Located on the west side of 10th Street E Avenue immediately adjacent and South of SecurCare Self Storage and to the West and across the street from Tumbleweed Elementary School in Palmdale, California.
With Tax FREE Opportunity Zone Advantage, the site was zoned C-5 until the City completed a General Plan Update changing some zones in the City. The Subject Property was re-zoned as “Neighborhood Residential 3” (RN3) and was officially approved by the City Council in October, 2022.
Antelope Valley has seen limited multifamily construction for decades. Multifamily inventory is clustered in Palmdale and Lancaster. Nearly 75% of the sub-market’s inventory is 3 Star properties, compared with the metro’s average of about 33%. The remaining inventory consists entirely of 1 & 2 Star properties, as there are no 4 or 5 Star apartment communities in the Antelope Valley.
Apartment stock also skews toward family housing; two and three-bedroom apartments account for over 65% of units, compared to about 40% on average in L.A. Low-rise garden-style properties make up the lion’s share of communities. Almost all supply is more than 20 years old.