8 Acres 10th St E
Multifamily Land | RN-3
Marketing description
Prime Investment Opportunity in Palmdale
Seize the chance to invest in Palmdale, a thriving aerospace hub with a severe housing shortage and robust economic growth. No new apartment developments in over 30 years have created an extreme supply/demand imbalance, perfect for residential development.
Key Highlights:
High-Demand Market: Home to 20,000+ well-paid aerospace professionals from Northrop Grumman, Lockheed Martin, Boeing, General Atomics, and NASA at USAF Plant 42.
Major Economic Drivers: Recent long-term defense contracts, including $80B for B-21 bomber jets, Skunk Works AI and robotics programs, and Supersonic X-Plane development.
Job Growth: Immediate technical and assembly jobs, with 2,500+ new positions driving 6,000+ support jobs in the local economy.
Regional Commitment: Lockheed Martin’s new 208,000 SF advanced manufacturing facility (2022) underscores long-term investment in Palmdale.
Capitalize on this rare opportunity to develop in a high-growth, underserved market with strong economic fundamentals. Perfect for residential or mixed-use projects.
Investment highlights
• Two parcels consisting of ±8 gross acres
• Ability to assemble a 6.2 acre contiguous parcel to the north for ± 14 acres total
• Water, Electric, Phone, Gas in Street (Buyer To Verify)
• 1.4 miles from Hwy 14 Off-ramp via Avenue S (Access to L.A Metro)
• 240 units for Apartments, Mid Rise & Town Homes , 50’ Height
• Opportunity Zone
• Low Income Density Bonus up to 50%
Link to Video: https://youtu.be/3oZyIP__G_Q
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