$60,000
Sold
5.00 acres | #TR20240396
Listing OfficeHana Management
Type:Purchase
Structure:Land
Zone:Residential

Description

Wow...this is an excellent opportunity for a land developer to own a 5 acre flat land. This land is located right behind adjacent a Barstonian Luxuray Apartments (96 units: 3325 Jasper Road in Barstow, California 92311). According to City of Barstow, you can build 8 houses per one acre of current zoning of this land. You may build up 20 units per acre in case a medium density is applicable to this land like the Barstonian Apartments by saying of City of Barstow. It will add more value if you purchase adjacent or surrounding of this land and then develop, it will be an incredible investment. Check your land usage and development with City of Barstow please. The Barsonian Apartment' ratio is really low. If you develop like the 'Barstonian apartments, you will get a decent cash flow. A rental market in Barstow grows up and your prospective tenants may be soldiers or military service that secure your rental payment on time. There are lots of military bases around this land: Fort Irwin Army Base (National Training Center), The US Naval Air Weapons Station in Ridgecrest, Edwards Airforce Base in Rosamond. There are lots of fluctuation of population going in and out in Barstow and lots of development are going on nowadays. This is a good timing for you to invest before it is too late. This is an awesome investment to this 5 flat acre land between Los Angeles Metropolitan area (California State) and Las Vegas Metropolitan area (Nevada State).

Location

Gary ElminoufiReal Estate Group
OR

Nearby Listings in 92311