0 Monroe St & 61 Ave, La Quinta, CA 92274
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.