Listing ID OC22014862
Price$2,950,000
Acres
1.520
Status Active
County Riverside
Property Type Lots and Land
All council approved 17 Unit Proposed Construction. For sale or take JV Partner to build brand New 17 Unit Apartment Building, plans are in plan check, (12 ) 4BR 2.5 BA, ( 5 ) 3BR 2.5 Ba; if built out by developer can be completed in 2023. Completed Value $12,000,000. Net operating income when completed $476,100.00. Each unit will have Solar, 2 Car Garage; property will have Gated Ent and Pool. This is an Opportunity Zone Property which has tremendous tax benefits. Recently completed 5 unit complex on this same block, we just sold for $2.8 million. Or we will take a 40% joint Venture to build for resale or long term rental.
County
Riverside
Price/SqFt
44.55
Property Type
Lots and Land
Subdivision
Other (OTHR)
Zoning
R204M
Lot Features
Level with Street
Lot Size Area
1.52
Lot Size Source
Assessor
Lot Size Square Feet
66211.2
View
yes
View Type
Desert
Water Source
Public
Country
US
Distance To Water Comments
1
Elevation Units
Feet
MLS Area Major
335 - Cathedral City North
Subdivision Name Other
Proposed
Additional Parcels
no
Association
no
Community Features
Sidewalks
Days On Market
318
List Agent State License
00634943
List Office State License
00634943
Lot Size Units
Acres
New Construction
no
Parcel Number
680411020
Senior Community
no
Land Lease
no
Special Listing Conditions
Standard
Tax Census Tract
449.15
Tax Lot
41
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Based on information from CARETS as of Monday, June 5th, 2023 12:15:04 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Monday, June 5th, 2023 12:15:04 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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