Jefferson St La Quinta, CA 92201
- Land
- 10.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Jefferson St
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
This exceptional 10-acre parcel in Indio, California (APN: 606-050-028, 606-050-011), presents a unique investment opportunity. Located on Jefferson Street, this property boasts a prime location offering quick access to major freeways and the desirable Northgate area. Zoned Connected Neighborhood-20 (CN-20), it allows for diverse residential development, including RV parks, single-family attached homes, or larger apartment complexes. Currently, the owner is pursuing approval for a 200-unit apartment complex (one to three bedrooms), a project the city strongly supports. Preliminary site plans are available for review. The land is priced at $5,799,000 ($579,900/acre). This represents a significant value-add opportunity, with a potential 8.0% yield on cost achievable for a 200-unit project, exceeding the market cap rate of 4.75%-5.00% by 300 basis points. The sale is structured to accommodate a 1031 exchange. Once fully entitled, the asking price will increase substantially. This trophy asset is poised for substantial returns in a rapidly growing submarket. Don't miss this chance to build a landmark residential project.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Quinta
- County
- Riverside
- State
- California
- Longitude
- -116.267
- Latitude
- 33.7373