Unlock the potential of this prime multi-family development opportunity in the growing High Desert community of Apple Valley. This ±32,000 SF (nearly ¾-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 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.
Lot/land
Listing Provided by: Nexus Commercial
$199,500
15750 Olalee Rd Lot 80, Apple Valley, CA 92307
--beds
--baths
0.73Acres
Unimproved Land
Built in ----
0.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1 day |
- 31 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 31, 2026 at 11:50am
Listing Provided by:
Scott Vu DRE #01844487 714-454-5114,
Nexus Commercial
Source: CRMLS,MLS#: OC26068733
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Mountain(s), Neighborhood
Lot
- Size: 0.73 Acres
- Features: 16-20 Units/Acre, Corner Lot, Level, Near Public Transit
Details
- Parcel number: 0473113090000
- Zoning: R-M
- Special conditions: Standard
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Rural
Location
- Region: Apple Valley
Financial & listing details
- Date on market: 3/31/2026
- Listing terms: Cash,Owner May Carry
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Listed for sale | $199,500 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 92307
Nearby schools
GreatSchools rating
- 5/10Desert Knolls Elementary SchoolGrades: K-6Distance: 0.7 mi
- 9/10Academy for Academic ExcellenceGrades: K-12Distance: 0.8 mi
- 4/10Granite Hills High SchoolGrades: 9-12Distance: 6 mi
Local experts in 92307
- California
- San Bernardino County
- Apple Valley
- 92307
- 15750 Olalee Rd Lot 80







