0 Kendall AveRidgecrest, CA 93555

Property Details for 0 Kendall Ave

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional investment opportunity presents a 75-lot residential subdivision in Ridgecrest, California, within Kern County. The property boasts approved plans for estate lots, each a minimum of 10,000 square feet, offering stunning views. Located in a highly desirable area known for its $500,000+ homes, this development benefits from its proximity to the China Lake Naval Weapons Station, currently undergoing a significant $3 billion modernization and reconstruction project. The lot size is 26.92 square feet, and the asking price is $1,500,000. This non-contingent offering requires a 10% earnest money deposit on the winning bid, plus a 5% platform fee (minimum $20,000), and a $5,000 participation deposit. The property's zoning permits the creation of estate lots, ensuring a high-value development. This presents a unique chance to capitalize on the strong demand and rapidly increasing home prices in the area, with Redfin reporting a 68% increase in the past year. The design review approval is already in place, streamlining the development process. This is an exceptional opportunity for investors seeking a high-return, high-demand residential development project in a prime location.

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.5861

Longitude

-117.679

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