South Downs Street - Villa Crest Apartments 20.83 Acres of Commercial Land Offered at $4,750,000 in Ridgecrest, CA 93555

South Downs Street presents a rare opportunity to acquire 20.83 acres of commercially designated land in Ridgecrest, California, with full approvals in place for a thoughtfully planned 361-unit apartment community. Zoned R-2 for low-density multifamily residential use, this shovel-ready development site has already been rough graded and has all necessary utilities on the street, centrally located near Ridgecrest's key commercial, educational, and recreational amenities.

The project, named Villa Crest Apartments, is designed to be constructed in three phases. It includes a variety of two- and three-bedroom units, a modern two-story clubhouse with a dedicated rental office and manager’s quarters, and a comprehensive parking plan featuring over 712 spaces, many of them covered carports. Phase 1 includes constructing 113 units, the clubhouse, and a children’s playhouse, alongside 339 parking spaces. Phases 2 and 3 will bring an additional 108 units and over 550 more parking spaces.

Architecturally, the community is designed with curb appeal and functionality in mind. The exterior finishes include stucco, concrete tile roofing, and wrought iron staircases, with a mix of one- and two-story buildings that provide visual diversity and character. Villa Crest Apartments will feature a mix of spacious floor plans, including two-bedroom, two-bath units (901 square feet), three-bedroom, two-bath units (1,078 square feet), and two-bedroom, two-bath units (950 square feet).

The location is one of Ridgecrest’s most attractive for residential development. The site is on the east side of South Downs Street, just south of Rader Avenue, directly across from the Kerr McGee Youth Sports Complex. A five-minute drive connects future residents to key retailers like Walmart Supercenter, Albertsons, and The Home Depot, as well as hotels and restaurants. The area is exceptionally family-friendly, surrounded by schools, a community center, and city services, as City Hall and Friendship Plaza are less than a mile away.

With demand for quality rental housing in Ridgecrest on the rise, this development offers a turnkey opportunity for investors or developers to deliver multifamily housing in an established and growing community. All major entitlements are in place, and preliminary plans and renderings are available.