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$2,950,000
33105 Date Palm Dr, Cathedral City, CA 92234
0 Beds
0 Baths
n/a SqFt

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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.
  • Price:
  • $2,950,000
  • Acreage:
  • 1.52
  • Listing ID #:
  • OC22014862
  • Street Address:
  • 33105 Date Palm Dr
  • City:
  • Cathedral City
  • State:
  • California
  • Postal Code:
  • 92234
  • County:
  • Riverside
  • Community:
  • Cathedral City North
  • Subdivision:
  • Other (othr)
  • Listing Status:
  • Active
  • Listing Type:
  • Land
  • View:
  • Desert
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • R204m
  • Lot Features:
  • Street Level
  • Lot Size:
  • 1.52
  • Lot Square Footage:
  • 66211.2
  • Community Features:
  • Sidewalks
  • Days On Market:
  • 499
  • On Market Date:
  • 2022-01-25
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 2450000
  • Terms:
  • Cash, Conventional
  • Subdivision:
  • Other (othr)
  • Existing Water:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Carl Wuestehube 714-791-6026 with Tri-Star Realty
  • CACRMLS

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