Investment Overview

Overview The LAAA Team at Marcus & Millichap is pleased to present a rare opportunity to acquire the Taylor Apartments development—RTI land spanning two parcels, fully approved for the construction of a 70-unit multifamily community in the rapidly growing High Desert submarket of Hesperia, California. Strategically located within a Medium Density Residential (MDR) zone, the project is designed to meet the growing demand for large-format, family-oriented rental housing. The approved site plan features 14 new structures totaling ±92,984 square feet, including eight (8) eightplex buildings, three (3) duplexes, two (2) garage structures with 22 enclosed bays, and a recreational building. All 70 units are three-bedroom, two-bath layouts—with 64 units at ±1,000 square feet and six (6) larger units at ±1,294 square feet. The plan includes 160 on-site parking spaces, steel carports, and ±48,120 square feet of landscaped open space. With flat topography, existing utility access, and street frontage along C Avenue, the property offers immediate development viability with reduced execution risk. Just minutes from the project site, the Silverwood Master-Planned Community is set to deliver a transformative impact on the region. Spanning 9,366 acres, Silverwood will feature 15,663 new homes, 700,000 square feet of commercial/retail space, and nearly 4,900 acres of parks and open space. Backed by nationally recognized developers including DMB Development, Lennar, KB Home, Woodside Homes, and Pulte Homes, Silverwood represents over $7 billion in total investment, with $1.6 billion allocated toward critical infrastructure upgrades—such as road expansions (including Ranchero Road), water/sewer improvements, and regional utility enhancements. These improvements will dramatically enhance connectivity, livability, and services in the immediate area. In addition, Amazon’s recent $162 million investment in Hesperia—for the development of a 2.5 million-square-foot logistics facility just minutes from the site—marks a major catalyst for regional job growth and economic expansion. The project is expected to create over thousands of full-time jobs and employ up to 1,000 construction workers during buildout, positioning Hesperia as a rising logistics and employment hub in the Inland Empire. As Amazon’s first West Coast Middle Mile facility, the development is set to drive significant demand for housing, retail, and workforce rentals, while also boosting land values, attracting additional commercial investment, and enhancing the long-term appeal of the High Desert for multifamily development. As thousands of new households migrate to Hesperia over the coming years, Taylor Apartments stands to directly benefit from the heightened demand for quality rental housing—particularly among renters not yet ready for homeownership. The project’s entitlement status, family-sized unit mix, and proximity to a generational master-planned community position it as a compelling opportunity for developers or investors seeking value creation, long-term yield, and strong market fundamentals in one of Southern California’s fastest-growing corridors.