Listed by Carl Wuestehube with Tri-Star Realty

33105 Date Palm Drive

Cathedral City, CA, 92234

$2,950,000

$2,950,000
Active
Active
 - For Sale
property_type
Land
All council approved 17 Unit Proposed Construction. For sale or take JV Partner to build brand New 17 Unit Apartment Building, plans are in plan check, (12 ) 4BR 2.5 BA, ( 5 ) 3BR 2.5 Ba; if built out by developer can be completed in 2023. Completed Value $12,000,000. Net operating income when completed $476,100.00. Each unit will have Solar, 2 Car Garage; property will have Gated Ent and Pool. This is an Opportunity Zone Property which has tremendous tax benefits. Recently completed 5 unit complex on this same block, we just sold for $2.8 million. Or we will take a 40% joint Venture to build for resale or long term rental.
MLS® ID:
OC22014862
Listed:
1/24/22
Updated:
3/31/23
Compass
Scott Ehrens
Mobile: (760) 880-1492Email: scott@scottehrens.com

Exterior/Building Features

Lot Size
1.52 acres lot
Lot Details
Street Level

Other Property Details

Area Name
335 - Cathedral City North
Association Amenities
Sidewalks
Garage
No
Parking
N
View
Y
County
Riverside
Water Source
Public
Pool
No
Zoning
R204M
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
2/25/22
Price Change
$2,575,000
0%
6/27/22
Price Change
$1,995,000
-9%
5/29/22
Price Change
$2,295,000
-10%
6/23/22
Price Change
$2,195,000
-4%
7/28/22
Pending
-
-
8/8/22
Active
-
-
9/30/22
Price Change
$2,480,000
124%
10/27/22
Price Change
$2,950,000
118%

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/31/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/31/23 at 9:00 PM UTC

Compass
Scott Ehrens
Mobile: (760) 880-1492Email: scott@scottehrens.com
Contact