Coachella Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30452828
Property Subtypes: Multi-Family
Gross Land Area: 11.45 Acres
Sale Price: $2,900,000
Unit Price: $253,275 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/1/2019

Overview / Comments

The City of Coachella approved an architectural review, assigned a Conditional Use Permit and a Tentative Tract Map for 100 unit Townhouse Apartments. Ready to pull building permits and the grading permit has already been paid. Each unit is a 3 story townhouse with a private 2 car garage and a main floor entry foyer. Above each garage, the second floor hosts a great room, dining area, gourmet kitchen and powder room. Enjoy panoramic vistas from an expansive balcony. The third floor features two large bedrooms, each with a balcony, and a laundry room. The units are clustered into 5 unit clusters and interconnected into (2) 5 unit clusters, where possible, for ease of inter-connectivity and access to elevators, stairways and spools.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 697-330-003
Zoning: C-T PUD
Property Located Between: East side of Tyler
Property Visibility: Excellent
Largest Nearby Street: Dillon
Highway Access: Close to Interstate 10 and Dillon
Zoning Description: Commercial Tourist - Planned Unit Development
Development Name: Coachella Vineyards Apartments
Easements: Utilities
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Other
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 935 42,372 104,460
Median Age: 32.49 26.94 28.82
Households: 237 10,159 27,698

Contact

Photograph of Listing Agent

Robin DuFault

Bennion Deville DACIE Member

Sponsoring Organization

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