0 San Rafael Dr Palm Springs, CA 92262
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.
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.