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33105 Date Palm Drive

Cathedral City, CA 92234
  • $2,950,000
  • STATUS: Active
  • ON SITE: 309 Days
  • ID#: OC22014862
UPDATED: 71 min ago
$2,950,000
  • 0
    BEDS
  • 1.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Carl Wuestehube of Tri-Star Realty (800-621-4258)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-01T17:34:40.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Elite Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.swackrealestategroup.com/homes/125052727
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33105 Date Palm Drive Cathedral City, CA 92234

  • Price: $2,950,000
  • Status: Active
  • On Site: 309 Days
  • Updated: 71 min ago
  • ID#: OC22014862
0
Beds
0
Baths
0
½ Baths
1.52
Acres
Neighborhood:
Other (Othr)
County:
Riverside
Area:
335 - Cathedral City North
Property Description
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.
Exterior Features

Lot Features Street Level View Desert View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Land Lease YN No Listing Agreement Seller Reserved Listing Service Entry Only Listing Terms CashConventional New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning R204m



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-01T17:34:40.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Elite Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Elite Real Estate Group | Keller Williams Realty Central Coast
1851 Shell Beach Road Ste B
Shell Beach CA, 93449
Listing Agent(s): Carl Wuestehube of Tri-Star Realty (800-621-4258)