21940 Neuralia Rd Road California City, CA 93505

Premium Multi-Family DevelopmentOpportunityCalifornia City, CaliforniaProperty DetailsParcel Number: 213-263-04Location: California City, CALot Size: 0.22 acresZoning: RM-1 (Multiple FamilyResidential District - High Density)Utilities: Active electrical and waterhookups on siteDevelopment Specificat...ionsMinimum Living Space per Unit: 850 sqftMinimum Lot Area Required: 4,356 sq ftMinimum Lot Width: 60 feetMinimum Lot Length: 100 feetMaximum Lot Coverage: 50% of totalland areaZoning BenefitsApproved for multi-family residentialdevelopmentLocated in high-density residentialdistrictIdeal for apartment or townhomedevelopmentMultiple unit potential (subject tominimum unit size requirements)Excellent opportunity for residentialinvestmentExisting utility infrastructure reducesdevelopment costsCalifornia City Growth Projections(2025-2035)1. Population Growth: Projected 15.3%increase over the next decade, drivinghousing demand in the region2. Property Value Appreciation:Expected annual appreciation rate of5.8% for multi-family properties,outpacing state average3. Infrastructure Development: $180million planned investment in cityinfrastructure improvements, includingroads and utilities4. Employment Growth: Anticipated12% increase in local job market, withmajor employers expanding operations5. Rental Market: Projected 25%increase in rental rates over the nextdecade due to growing housingdemandInvestment HighlightsStrategic location in growingcommunityZoned for immediate multi-familydevelopmentStrong rental market potentialExcellent property value appreciationforecastDevelopment-ready with clear zoningguidelinesExisting utility connections reducedevelopment timeline and costsDevelopment PotentialBased on current zoning regulationsand lot specifications, this propertypresents an excellent opportunity formulti-family residential (next page) Continue reading