Los Angeles, Property Listing: MLS® #P1-20745

Discover an exceptional investment opportunity in a highly sought-after location poised for extensive growth. This property offers incredible potential for development, making it the perfect time to seize this promising piece of land.The subject property is located in a well-established residential neighborhood of Shafter, offering a blend of suburban living and agricultural charm. The surrounding area features a diverse mix of property types, including multi-family residential developments, single-family homes, and active agricultural row crops. This unique setting provides a balance of residential convenience and open space, making it an attractive location for potential development or investment. The property is conveniently located near a variety of retail, entertainment, educational, recreational, and transportation options. It is within one mile of essential amenities, including a grocery store, pharmacy, public transportation, and public schools. The site is currently zoned R1; however, the owners are in the process of seeking an upzoning to R3. The proposed reclassification to R3 is intended to accommodate multi-family residential units, aligning with the County's development objectives for the area.In addition to the zoning application, a Phase 1 environmental assessment has already been completed, further enhancing the site's readiness for development. This property presents a unique opportunity to capitalize on the area's ongoing expansion and meet the growing demand for multi-family housing.

Los Angeles, Property Listing: MLS® #P1-20745 Close
Page Summary
NEW
  • MLS® #: P1-20745
  • Los Angeles
  • , CA 93263
  • $2,000,000
  • 378972 SqFt, 8.70 Acres
  • Office: Engel & Voelkers Pasadena

Discover an exceptional investment opportunity in a highly sought-after location poised for extensive growth. This property offers incredible potential for development, making it the perfect time to seize this promising piece of land.The subject property is located in a well-established residential neighborhood of Shafter, offering a blend of suburban living and agricultural charm. The surrounding area features a diverse mix of property types, including multi-family residential developments, single-family homes, and active agricultural row crops. This unique setting provides a balance of residential convenience and open space, making it an attractive location for potential development or investment. The property is conveniently located near a variety of retail, entertainment, educational, recreational, and transportation options. It is within one mile of essential amenities, including a grocery store, pharmacy, public transportation, and public schools. The site is currently zoned R1; however, the owners are in the process of seeking an upzoning to R3. The proposed reclassification to R3 is intended to accommodate multi-family residential units, aligning with the County's development objectives for the area.In addition to the zoning application, a Phase 1 environmental assessment has already been completed, further enhancing the site's readiness for development. This property presents a unique opportunity to capitalize on the area's ongoing expansion and meet the growing demand for multi-family housing.

Supplemental Remarks

Essential Information

  • MLS® #P1-20745
  • Listing Price$2,000,000
  • Original Listing Price$2,000,000
  • List Price per Square Foot$5.28
  • Date ListedFebruary 4th, 2025
  • Days on Market2
  • Square Footage378,972
  • Acres8.70
  • Lot Sq.Ft.378,972
  • TypeLot / Land
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • AddressLos Angeles
  • AreaSHAFTER (93263)
  • CountyKern
  • StateCA
  • Zip Code93263
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Listing information last updated on May 7th, 2025 at 3:53pm PDT.