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    San Rafael Dr Palm Springs, CA 92262

    Sponsored
    For Sale
    $2,500,000

    5.9 Acres, R2 Zoning, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.9-acre development site presents a unique opportunity in the desirable northern Palm Springs area. Located at the Northwest corner of McCarthy Road and West San Rafael Drive, this property boasts three contiguous parcels (APN 689-420-011, -012, & -014) and is zoned R2, allowing for multi-family residential development. The site's strategic location offers proximity to established communities such as Mountain Gate and Palm Springs Villas, providing immediate access to existing infrastructure and amenities. With its substantial acreage and favorable zoning, this land parcel is ideally suited for a variety of multi-family residential projects, catering to the growing demand for housing in this sought-after area of Palm Springs. The asking price is $2,500,000. This represents a compelling investment opportunity for developers seeking to capitalize on the vibrant Palm Springs real estate market. The property's location in the 92262 zip code offers easy access to local attractions, shopping, and transportation. This is a rare chance to acquire a large, well-situated development site in a thriving California market. Don't miss this chance to build your next successful project.

    Property Features for 0 San Rafael Dr

    General Information

    Property type
    Land
    Lot Size
    257,004 SF

    HighLights

    • APN 689‑420‑011, -012, and -014
    • R2 Zoning
    • Proximity to Mountain Gate and Palm Springs Villas communities
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5525792
    Latitude
    33.8595318

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    FAQs

    What type of property is this?
    Land - 5.9 Acres, R2 Zoning, Multi-Family Potential
    Where is this land located?
    The property is located at San Rafael Dr Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: APN 689-420-011, -012, and -014; R2 Zoning; Proximity to Mountain Gate and Palm Springs Villas communities
    (760) 772-6400
    Request Owner's contact information
    San Rafael Dr Palm Springs, CA 92262
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    Palm Springs, CA 92262
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    San Rafael Dr Palm Springs, CA 92262
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