20 ACRES RESIDENTIAL ZONED (400 UNIT EXPIRED MAP) VICTORVILLE CA

Mid/High Density Residential Development Opportunity.
Expired Approval for 400 Multi-Family Units/Apartments
Includes +/-300K Engineering, Studies, Reports & Permits
Located in Highly Ranked Snowline Unified School District.
Close to New Home Building- DR Horton, KB Home, Lennar, Richmond American Homes & LGI Homes.
Historically Low Home Supply in the Victor Valley Market.
Short Commute to Major Employment Centers- Los Angeles, San Bernardino & Riverside Counties.

65 APPROVED RESIDENTIAL LOTS (VESTING TENATIVE MAP 20368) | VICTORVILLE CA

65 Approved (VTTM 20368) Residential (7000sf Min) Lots.
Includes +/-250K Engineering, Studies, Plans , Permits & Approvals.
All Utilities Adjacent to the Property Boundary.
Located in City of Victorville Highly Desirable Golden Triangle Area.
Next to New Home Building- LGI, Legacy & KB Homes, DR Horton, Lennar, Richmond American, K Hovnanian & Others.
Historically Low New & Resale Home Supply in the Victor valley Market.
Central Major Employment Center, Logistics & Transportation Hub:
• Los Angeles, Las Vegas, Riverside, San Bernardino & San Diego

+/- 107 Acre Rare Development Opportunity- Future Industrial | Master Plan | Mixed-Use.
Over 1/2 Mile 215 Freeway Frontage.
Ideal Distribution & Logistics Location.
Located at Interstate Freeway HUB:
215 Freeway
•210 Freeway
•15 Freeway
300,000 Avg Daily Traffic Count (AADT)
Central Rail and Transport Hub to Los Angeles, Las Vegas, San Bernardino, Riverside & San Diego.

Saxon & Company bought represented the investor group who bought the deal.
Saxon & Company represented the Seller’s and sold the 199 lots just over one- year later at a 250% return.

Saxon & Company sourced this OFF-MARKET deal which was subject to multiple bidders.
16 Recorded Final Map Residential Lots City of Artesia.
Private Builder closed the transaction with building permits near ready to issue.
Builder successfully build out the community with sales prices in the $900,000’s

Property Highlights

Unique opportunity for an investor, developer or homebuilder to acquire up to 400 multi-family apartments units- inclusive of over a 300K of consultant studies, city approvals & agency permits, civil & final engineering: w/ multiple potential exit strategies.
One of only a few high-density, R4 zoned, residential properties, with all utility connections at or close to the Property boundary located with highly ranked Snowline School District.
New housing developments- DR Horton, KB Home, Frontier Homes, Legacy, Evergreen, K. Hovnanian & others located within a few miles radius.
Several 1000’s newer resale homes are within one-half mile of the Property.
Minutes’ drive to Highway 395, US Interstate 15 and major commercial centers.
130,000 Avg Daily Traffic Count (AADT) at Highway 395 & Palmdale Road.
Located within 30 to 45-minute drive to major employment centers in the San Bernardino, Riverside & Los Angeles counties

Property Highlights

Unique opportunity for an investor, developer or homebuilder to acquire 22 developed final map recorded lots inclusive consultant studies, city approvals and permits, civil & final engineering- with multiple potential exit strategies.
Final Recorded & developed Tract Map- #17599 (22 lots)- Graded, sewer and water installed & all utilities to the property boundary.
Adjacent to New Amber Community from Legacy Homes: Opening Summer 2018
New housing developments- DR Horton, KB Home, Frontier Homes, Legacy, Evergreen, K. Hovnanian & others located within a few miles radius.
Several 1000’s newer resale homes are adjacent and north of the Property.
Minutes’ drive to Highway 395, US Interstate 15 and major commercial centers
100,000 Avg Daily Traffic Count (AADT) at Highway 395 & Bear Valley Road
Located within 30 to 45-minute drive to major employment centers in the San Bernardino, Riverside and Los Angeles counties

Unique opportunity for an investor, developer or homebuilder to acquire large 589 lot, +/- 160-acre master plan community- inclusive of over a Million Dollars ($1,000,000) of consultant studies, city approvals and agency resource permits, civil and final engineering- with multiple potential exit strategies.
7 separate approved tentative and near final engineered subdivision maps- – #17516 (39 lots), 17582 (51 lots), 17583 (38 lots), 17585 (127 lots), 17586 (110 lots), 17587 (96 lots) & 17588 (130 lots)- all conforming to CURRENT Planning DESIGN GUIDELINES.
New housing developments- DR Horton, KB Home, Frontier Homes, Legacy, Evergreen, K. Hovnanian and others located within a few miles radius.
Several 1000’s newer resale homes are adjacent and north of the Property.
Minutes’ drive to Highway 395, US Interstate 15 and major commercial centers
100,000 Avg Daily Traffic Count (AADT) at Highway 395 & Bear Valley Road
Located within 30 to 45-minute drive to major employment centers in the San Bernardino, Riverside and Los Angeles counties
City of Victorville is known for its developer and builder friendly environment