$4,950,000

0 S Downs St Ridgecrest, CA 93555

Estimated payment $32,341/month

Total Views 1,776
20 Acres
$245,902 Price per Acre
876,863 Sq Ft Lot

About This Lot

Seller Financing-Up to 50% of the Purchase Price at 4%. Unique opportunity for investor to acquire this one of a kind 20.13 acre land for a Master Planned Apartment Complex located in Ridgecrest, California. The projected project consists of 361 units of residential apartment living offering 2 BR, 2 bath units with 901 Sqft, and 3 BR, 2 bath units with 1,078 Sqft and 2 BR 2 bath units with 950 Sqft. The proposed apartment complex will offer 712 parking spaces, 1 clubhouse, and a rental office with managers unit. This master planned community is ready for development and all the utilities necessary for the project are available at the street. Centrally located within the radius of the nearest commercial, educational, and recreational areas in the city of Ridgecrest. See attached documents. The Tentative Map that was approved in May 2024 is valid until November 2027. The 360-Unit project is divided into 3 phases: Phase 1 - 112 Units Phase 2 - 140 Units Phase 3 - 108 Unit

Listing Agent

Terri Bender

RE/MAX Golden Empire License #1510003 Listed on: 03/28/2025

RE/MAX Golden Empire

Property Details

Property Type

  • Land

Lot Details

  • 20.13 Acre Lot
  • Zoning described as RH (Residential High Density, 14.1 to 29.0 dwelling units per acre

Listing and Financial Details

  • Assessor Parcel Number 47901015

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Deposit Amount Required: 50000.00
  • Property Sub Type: Acreage
  • Lot Size Acres: 20.1300
  • Special Features: None
  • Stories: 0

Exterior Features

  • Water District: Indian Wells Water District
  • Disclosures: Other

Schools

  • High School: Other-Outlying
  • Middle Or Junior School: Other-Outlying

Lot Info

  • Zoning Description: RH (Residential High Density, 14.1 to 29.0 dwelling units per acre
  • Lot Size Sq Ft: 876863.00
  • Parcel #: 47901015

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Elementary School: Other-Outlying

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 For Sale $4,750,000 -4.0% --
05/16/2025 05/16/25 Price Changed $4,950,000 -16.8% --
03/30/2025 03/30/25 For Sale $5,950,000 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202503423

Bakersfield Association of REALTORS® / GEMLS

California Kern County Ridgecrest 93555

0 S Downs St, Ridgecrest, CA

This home is located at 0 S Downs St, Ridgecrest, CA 93555 and is currently priced at $4,950,000. 0 S Downs St is a home located in Kern County with nearby schools including Faller Elementary School, James Monroe Middle School, and Burroughs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

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