Unlock the potential of this prime multi-family development opportunity in the growing High Desert community of Apple Valley. This 32,000 SF (nearly -acre) unimproved parcel (APN: 0473-113-09-0000) is ideally located on Olalee Road and offers a ready-to-build canvas for your next residential investment. Zoned Multi-Family Residential (R-M), the property allows… Read More for up to 20 dwelling units per net acre making it well-suited for apartment development in a market experiencing steady growth and increasing housing demand. Essential utilities including water, sewer, and power are available at the site, helping streamline development timelines and costs. Positioned near St. Mary Medical Center and surrounded by established medical offices, the location is highly desirable for tenants seeking convenience and accessibility. Residents will also enjoy close proximity to everyday retail and dining options such as Target, Walmart, Albertsons, Starbucks, and Tom's Family Restaurant. Adding to its accessibility, the property is located less than five minutes from California State Route 18 (Happy Trails Highway), providing convenient regional connectivity. Adding to its long-term investment appeal, Apple Valley is set to play a key role in regional transportation with the upcoming Brightline West, which will connect Los Angeles to Las Vegas. With construction anticipated to begin in 2025 and operations projected by 2028, the project is expected to bring approximately 10,000 jobs and significant economic growth to the area. Whether you're a developer or investor, this property presents a rare opportunity to capitalize on a well-located, high-potential multi-family site in one of Southern California s emerging growth markets. Read Less
Courtesy of Nexus Commercial 714-454-5114
Listing Snapshot
Days Online
85
Last Updated
Property Type
Other
Lot Size
0.73 Acres
MLS Number
OC26068733MR
30 Days Snapshot Of 92307
$368k
0%
(avg) sold price
0
-100%
homes sold
63
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Community
"Rural"
Water Features
Water: "Public"
Home Owner's Association
Homeowner Dues: $0
Lot
LotAcreage: 1, LotSizeArea: 32,000, "Rural", "Corner Lot", "Near Public Transit"
Parking
CarportSpacesTotal: 0
Property
LandLeaseType: "Fee", ViewYN: t, Zoning: R-M
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eldoradoproperties.com
June 12, 2026
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