LOCATION: Palmdale - Los Angeles County, CA TOTAL SITE AREA: 5 Acres APN(s): 3052-027-027 PURCHASE PRICE: $2,000,000 ($9.18 SF) PRICE PER AC: $400,000 ZONING: MXD RU The subject property consists of 5 acres located on the southwest corner of Pearblossom Highway and 47th E Street in Unincorporated Los Angeles County, California. The property is part of the Antelope Valley Plan. The property is relatively flat in topography and has significant frontage to 47th St E and Pearblossom Hwy. The land to the east of the property is owned by Antelope Valley Union High School District with plans for future high school. The subject property is zoned MXD RU (Rural Mixed Use Development Zone) with a MU-R (Mixed Use-Rural) land use designation which allows for a wide range of potential uses. The property has a recently expired Tentative Map for a large scale mixed use project. Current zoning will allow for the development of single-family homes with a maximum density of up to 5 Dwelling Units per Net Acre.