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    Land

    0 Church St, Calipatria, CA 92233

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    Property summary
    AI-generated overview

    This exceptional .78-acre lot in Calipatria, California, presents a unique investment opportunity. Located on E Church St, with APN 023-354-010-000, this property boasts a substantial 34,317 square feet and is currently zoned R-2, allowing for residential development. City administration plans indicate an upcoming zoning change to a Residential/Industrial Mixed-Use designation, significantly expanding development potential. Preliminary assessments suggest the possibility of constructing up to 20 residential units under the current zoning. The General permitted zoning provides flexibility for a variety of uses. This prime location in Imperial County, CA, zip code 92233 (latitude 33.1224086, longitude -115.5095542), offers significant upside for developers seeking a versatile and strategically located parcel. Detailed construction possibilities are available upon request. Seize this chance to acquire a highly promising property in a growing area. The asking price is $119,000. Don't miss this chance to capitalize on the future potential of this versatile land parcel. Further information regarding the zoning change and development possibilities is available.

    Property profile
    Verified
    Property type Land
    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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