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    OFF-MARKET
    Land

    0 Monroe St & 61 Ave, La Quinta, CA 92274

    30.32 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 30.32-acre parcel in La Quinta, California, presents a unique development opportunity. Located at the intersection of Monroe Street and 61st Avenue, this approved gated community project boasts stunning Santa Rosa Mountain views. The property is zoned LDR (Low Density Residential) and features an approved Tentative Tract Map for 94 single-family lots, ranging from 8,380 to 16,236 square feet (average 9,694 sq ft). Its prime location directly adjoins the sold-out Trilogy at La Quinta active adult community, creating a synergistic market position. The site is unimproved and adjacent to Monroe Street, offering convenient access. Given La Quinta's strong market dynamics, including a rapidly growing population, high average household income ($104,281), and limited land availability, this project is poised to capitalize on significant demand. The property's potential extends beyond residential development

    Property profile
    Verified
    Property type Land
    Lot 30.32 ac (1,320,739 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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