Listing provided courtesy of Newco Realty
- MLS#TR23115004
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Request Info46170 Jefferson StreetLa Quinta, CA 92253
Multi-Family · 46,000 Sq. ft. | 5.20 Acres$2,500,000 Active
Overview
- Time on Site:
- 150 days
- Visits:
- 1
Great investment opportunity in La Quinta. READY TO BUILD 40 APARTMENTS PROJECT IN LA QUINTA. La Quinta is known as The Gem of the Desert. It offers sunny weather all year round with beautiful mountain views. Luxurious living, countless outdoor recreation activities, boutique shopping, and world-class golf courses. A ready to build 40 apartment units in 5 individual buildings located on a 5.6 acres community (total 11 parcels), next to a golf course located on the north side of 111 hwy & east of Jefferson Street. All construction permits have been approved by the City. The school fees are paid, and performance bonds are posted. Construction can be started immediately. The project consists of 5 individual buildings on a community space with spectacular mountain views. Building #1 consists of 8 units, building #2 consists of 12 units, building #3 consists of 2 units, building #4 consists of 6 units, building #5 consists of 12 units. 34 units offer 2 beds/2 baths with walk-in closet, island kitchen, air conditioning, balcony, dishwasher, ceiling fan and more. 6 units offer 3 beds/2 baths with the same amenities. Total living spaces for all 5 buildings will be 46,478 s.f. There will be a pool & spa, BBQ, patios, recreation area & dog walks area, etc. Selling price is $2.5 million and Buyer to reimburse seller actual permits fees and school fees. Please contact Agent for more information.
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Facts & Features
- Type Multi-Family
- Sq. ft. 46,000
- Price/Sq.ft. $54
- Lot 5.20 Acres
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Electric Expense: 12000.0
- Fuel Expense: 2500.0
- Gardener Expense: 10000.00
- Gross Income: 1195200.0
- Gross Scheduled Income: 1195200.0
- Insurance Expense: 35000.0
- Net Operating Income: 1006180.0
- Operating Expense: 189020.0
- Trash Expense: 10000.0
Building Information
- New Construction: Yes
- Year Built: 2023
Location/Region
- Country: US
- County Or Parish: Riverside
- MLS Area Major: 308 - La Quinta North of HWY 111, Indian Springs
Community/Development
- Community Features: Park,Pool
Rent/Lease Information
- Land Lease: No
General Information
- Parcel Number: 600080001
- Property Sub Type: Apartment
- Property Type: Residential Income
- Rent Control: No
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: No
Building Interior
- Building Area Total: 46000.0
- Building Area Units: Square Feet
General Information
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: front of unit
- Laundry Features: Inside
- Levels: Two
- Stories: 2
- Stories Total: 2
Exterior
Lot Information
- Additional Parcels Description: 600080002,600080003,600080004,600080005,600080006,600080007,600080008,600080009,600080041,600080042
- Additional Parcels: Yes
- Lot Features: Lot Over 40000 Sqft
- Lot Size Acres: 5.2
- Lot Size Area: 5.2
- Lot Size Source: Owner
- Lot Size Square Feet: 226512.0
- Lot Size Units: Acres
- Number Of Buildings: 5
- Number Of Separate Electric Meters: 40
- Number Of Separate Gas Meters: 0
- Number Of Separate Water Meters: 40
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Number Of Units Total: 40
- Pool Features: Community
- Pool Private: No
- Sewer: Public Sewer
Neighborhood
La Quinta
La Quinta, located on the eastern end of the Coachella Valley and known as "Gem of the Desert," is famous for its legendary golf courses, beautiful homes, fine dining, exceptional hiking, arts scene, and tremendous community spirit.Community
92253 (La Quinta) Demographics
48
Median Age
1,174
Population Density (per sq. mile)
44%
College Educated
$76,158
Estimated Median Income
11,792
Estimated Total Home Owners
4,439
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
Elementary Schools
2
Public
Benjamin Franklin Elementary
- Grades: KG - 5
- Enrollment: 612
3
Public
Harry S. Truman Elementary
- Grades: KG - 5
- Enrollment: 692
3
Public
Horizon
- Grades: KG - 12
- Enrollment: 237
1
Public
James Madison Elementary
- Grades: KG - 5
- Enrollment: 482
Middle Schools
2
Public
Colonel Mitchell Paige Middle
- Grades: 6 - 8 /
- Enrollment: 645
3
Public
Horizon
- Grades: KG - 12 /
- Enrollment: 237
2
Public
La Quinta Middle
- Grades: 6 - 8 /
- Enrollment: 756
High Schools
3
Public
Horizon
- Grades: KG - 12 /
- Enrollment: 237
3
Public
La Quinta High
- Grades: 9 - 12 /
- Enrollment: 2,535
1
Public
Summit High (Continuation)
- Grades: 10 - 12 /
- Enrollment: 278
Monthly Cost
Market Data
Based on the last 30 days in this zip code
$1,447,044
Median Sales Price
$535
Median Price per Square Foot
216
Properties Sold
280
New on Market
60
Average Days on Market
792
Properties for Sale