Investment Overview

Marcus & Millichap is pleased to offer for sale the ± 5.24 acre development site located on the southeast corner of Santa Fe Ave E. and Muscatel Street in the city of Hesperia, CA. The site is composed of two parcels of land with APNs 0410-241-11 & 12 and the site is generally level/rectangular in shape with 692’ of frontage along busy Santa Fe Ave E. The land is located in central Hesperia and is currently vacant at this time. Zoning on the site is MDR – Medium Density Residential and the General Plan Land Use designation is also MDR – Medium Density Residential. This zoning allows for residential development with densities ranging from 8-15 dwelling units per acre which would translate into a yield on this site of somewhere between 41 to 78 residential units. There are Hesperia Water District water lines located in both Santa Fe Avenue and in Muscatel Street that would service this site. The closest sewer line is in Muscatel Street approximately 340’ to the east of the northeast corner of the subject property. This parcel is located directly to the north of the 45-space Santa Fe Mobile Home Park. Lime Street Park is a 19-acre public park that is located directly to the west of the property - large public parks such as this one are valuable amenities for residential development. There is a raised BNSF rail line that runs along the west side of Santa Fe Avenue, directly across from the site. Also, there are a number of smaller multi-family properties and single-family developments located just to the east of the subject property along C Avenue.