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- LoopNet Team
South Downs Street
Ridgecrest, CA 93555
Villa Crest Apartments · Land For Sale
·
20.83 AC
INVESTMENT HIGHLIGHTS
- General Plan Amendment-Approved
- 361 Units Ready for Investor to Build Out
- Tentative Map Approved
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 20.83 AC |
| Property Subtype | Commercial | Cross Streets | W. Rader |
| Proposed Use | Apartment Units | ||
| Zoning | RH - Residential High Density, 14.1 to 29.0 dwellings units per acre | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 20.83 AC |
| Cross Streets | W. Rader |
| Zoning | RH - Residential High Density, 14.1 to 29.0 dwellings units per acre |
DESCRIPTION
Unique opportunity for investor to acquire this one of a kind 20.13 acre land for a Master Planned Apartment Complex located in Ridgecrest, California. The projected project consists of 361 units of residential apartment living offering 2 bedroom, 2 bath units with 901 Sqft, and 3 bedroom, 2 bath units with 1,078 Sqft and 2 bedroom, 2 bath units with 950 Sqft. The proposed apartment complex will offer 712 parking spaces, 1 clubhouse, and a rental office with managers unit. This master planned community is ready for development and all the utilities necessary for the project are available at the street. Centrally located within the radius of the nearest commercial, educational, and recreational areas in the city of Ridgecrest. See attached documents. The Tentative Map that was approved in May 2024 is valid until November 2027. The 360-Unit project is divided into 3 phases: Phase 1 - 112 Units Phase 2 - 140 Units Phase 3 - 108 Units
PROPERTY TAXES
| Parcel Number | 477-010-03-00-8 | Improvements Assessment | $0 |
| Land Assessment | $202,639 | Total Assessment | $202,639 |
PROPERTY TAXES
