21940 Neuralia Rd #497

Premium Multi-Family Development Opportunity California City, California Property Details Parcel Number: 213-263-04 Location: California City, CA Lot Size: 0.22 acres Zoning: RM-1 (Multiple Family Residential District - High Density) Utilities: Active electrical and water hookups on site Development Specifications Minimum Living Space per Unit: 850 sq ft Minimum Lot Area Required: 4,356 sq ft Minimum Lot Width: 60 feet Minimum Lot Length: 100 feet Maximum Lot Coverage: 50% of total land area Zoning Benefits Approved for multi-family residential development Located in high-density residential district Ideal for apartment or townhome development Multiple unit potential (subject to minimum unit size requirements) Excellent opportunity for residential investment Existing utility infrastructure reduces development costs California City Growth Projections (2025-2035) 1. Population Growth: Projected 15.3% increase over the next decade, driving housing demand in the region 2. Property Value Appreciation: Expected annual appreciation rate of 5.8% for multi-family properties, outpacing state average 3. Infrastructure Development: $180 million planned investment in city infrastructure improvements, including roads and utilities 4. Employment Growth: Anticipated 12% increase in local job market, with major employers expanding operations 5. Rental Market: Projected 25% increase in rental rates over the next decade due to growing housing demand Investment Highlights Strategic location in growing community Zoned for immediate multi-family development Strong rental market potential Excellent property value appreciation forecast Development-ready with clear zoning guidelines Existing utility connections reduce development timeline and costs Development Potential Based on current zoning regulations and lot specifications, this property presents an excellent opportunity for multi-family residential multi-family residential development. The RM-1 zoning allows for multiple units while maintaining quality living standards through minimum unit size requirements. With existing utility connections, the property offers immediate development potential with reduced infrastructure costs. Property Features Ready-to-develop land with utility connections High-density residential zoning already in place Compliant with all RM-1 district requirements Established neighborhood location