0477-031-05

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0477-031-05

Victorville, CA 92392
Asking Price
$3.60M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Ten acres of commercial land available for acquisition in Victorville.
  • Zoning allows for the development of 300 residential housing units.
  • Property is situated directly along the historic Route 66 corridor.
  • Site supports high-density multi-family residential construction projects.
  • Located within the expanding and accessible Inland Empire region.

What's Special

This 10-acre commercial land parcel sits along Route 66 in Victorville, California. The site maintains zoning entitlements for the development of 300 residential units, providing a significant opportunity for multi-family expansion in this growing region of the High Desert. Victorville serves as a critical logistics and retail hub for the Inland Empire, benefiting from its strategic connectivity to major Southern California transportation corridors and a steady demand for modern housing solutions. The property location offers developers direct access to essential infrastructure to support a large-scale project. Given the current zoning, the land is positioned to accommodate a substantial high-density residential community, helping to address the ongoing need for housing within the expanding suburban landscape of San Bernardino County. Investors and developers will find this site well-suited for a significant residential development project aimed at the local workforce and commuters seeking value in this established municipal market.

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029

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