This property is for sale. Information on this property is being updated. The sales price is projected to increase 5% effective on or soon after March 1, 2019. Golden Hills, Tehachapi, California, USA The fantastic property in the immensely beautiful Golden Hills of Tehachapi has views to die for. Imagine owning these views and their proximity to California’s major population and employment centers: 14 minutes to Palmdale and 15 minutes to Bakersfield. Imagine its location: 38 minutes to Downtown Los Angeles and 2 hours to Downtown San Francisco. The property is located at the 4,000-foot-high, crystal-clear cul-de-sac of Hemlock Avenue. It consists of two adjacent parcels. One is 5.14 acres and the other adjoining parcel is 2.56-acres. The value of this property derives from its location, natural beauty and economic opportunities. The property’s value is projected to increase dramatically in the years to come. The City is part of the "Greater Tehachapi Area" – a very large and sprawling community consisting of some 36,000 residents within approximately 275 square miles. At elevations of 4,000-to-6,000 feet, the Greater Tehachapi Area has warm summers and snow-covered peaks in winters Golden Hills will be within 40 minutes travel time to downtown Los Angeles and 2 hours travel time to San Francisco once California’s new high-speed train begins operation. Construction of the 200+ miles-per-hour peak speed system is well underway. The High-Speed Train is scheduled to be in operation between San Francisco and Anaheim within 12 years, according to the California High-Speed Rail Authority. The combination of international airline and high-speed train service will stimulate dramatic growth in the Antelope Valley. Tehachapi will benefit from this growth and its easy access to international markets via high-speed train and airline services. The City of Tehachapi saw dramatic population growth from 1990 to 2010. Following the 2008 real estate market crash, population dropped by 18%. Median property values dropped 40% to a low of $161,000 in April 2011. Values rebounded beginning in 2011, rising 60% from 2011 to 2018. Today, the median value of Tehachapi homes is $252,000, and by November 2018 the value is projected to be $261,000. Tehachapi area housing demand is also driven by high prices and lack of available land in the L.A. region. Sales prices jumped 7 percent annually in November 2017, according to a new report from CoreLogic. Whether in the market for a new home today or for an investment for the future, the value of this property will greatly appreciate in the years to come. The property will see a higher than normal appreciation rate due to its central location between the Bay Area and Southern California. Tehachapi is known as a popular filming location for Hollywood movies, such as the Grapes of Wrath, Star Trek and many others. Apple orchards and other fruit and vegetable farms populate the area. Wind farms provide a source of clean electricity on mountain peaks in areas neighboring the City of Tehachapi. The property is being marketed to both local and international home buyers and investors. The attraction for potential buyers is the current low price of Tehachapi properties relative to that of comparable desirable properties in California and elsewhere, and the potential value appreciation that will come with high-speed train service by 2029. Home buyers and investors are invited to submit offers for this property. Time is of the essence as prices are increasing. Contact: albertperdon@albertperdon.com 310.871.1113
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
