Los Angeles, Shafter CA 93263 | $1,800,000

PRICE IMPROVEMENT! Prime 8.7-Acre Development Opportunity Near Bakersfield - Zoned and Ready! Discover an exceptional investment opportunity in a highly sought-after location poised for extensive growth. This property offers incredible potential for development, making it the perfect time to seize this promising piece of land.The subject property is located in a well-established residential neighborhood of Shafter, offering a blend of suburban living and agricultural charm. The surrounding area features a diverse mix of property types, including multi-family residential developments, single-family homes, and active agricultural row crops. This unique setting provides a balance of residential convenience and open space, making it an attractive location for potential development or investment. The property is conveniently located near a variety of retail, entertainment, educational, recreational, and transportation options. It is within one mile of essential amenities, including a grocery store, pharmacy, public transportation, and public schools. The site is currently zoned R1; however, the owners are in the process of seeking an upzoning to R3. The proposed reclassification to R3 is intended to accommodate multi-family residential units, aligning with the County's development objectives for the area. In addition to the zoning application and completed Phase I Environmental Assessment, the property also includes an architectural site plan, land survey, market study, and reports on noise, air quality, and traffic. These comprehensive studies further demonstrate the site's rea