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Monroe
Indio, CA 92201
Victoria Palms | 42 Partially Improved Acres · Land For Sale
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42.00 AC
INVESTMENT HIGHLIGHTS
- RARE PARTIALLY IMPROVED LAND - 42 ACRES (ALL OR PART) | RECORDED FINAL MAP 420 ATTACHED UNITS - OR HIGHER DENSITY RESIDENTIAL UP TO 20DU/ACRE
- CITY OF INDIO – 3RD FASTEST GROWING CITY IN SOUTHERN CALIFORNIA | NEAR COACHELLA MUSIC FESTIVALS
- “FOR-SALE” CONDOMINIUM UNITS AND/OR “FOR-RENT” DEVELOPMENT OPPORTUNITY (MULTI-FAMILY, BUILD-FOR-RENT AND/OR SHORT-TERM RENTAL*)
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 42.00 AC |
| Property Type | Land | Cross Streets | Avenue 49 |
| Property Subtype | Residential | ||
| Zoning | W2 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 42.00 AC |
| Cross Streets | Avenue 49 |
| Zoning | W2 |
1 LOT AVAILABLE
Lot
| Lot Size | 42.00 AC |
| Lot Size | 42.00 AC |
42 PARTIALLY IMPROVED ACRES | RECORDED FINAL MAP APPROVED FOR 420 ATTACHED UNITS AT 10DU/ACRE ZONED “RESIDENTIAL-HIGH” (UP TO 15DU/ACRE) & GENERAL PLAN “CONNECTED NEIGHBORHOOD” (UP TO 20DU/ACRE) NEW POTENTIAL DENSITY UP TO 840± UNITS*
DESCRIPTION
VICTORIA PALMS is a high-density residential partially improved 42-acre development opportunity with an approved final recorded map for 420 residential units, however now allows up to 20DU/acre (potentially up to 840± units*) per the new General Plan, located at the northwest corner of Monroe Street and Avenue 49 within the rapidly growing city of Indio, California. This 42 acre site enjoys convenient access from Interstate 10 and Highway 111 via Monroe or Jefferson Street. This strategic location in the mostly developed area of southern Indio is just minutes from numerous major employment centers as well as many outstanding civic, cultural, entertainment and recreational resources. World famous Coachella Valley amenities including the Coachella Valley Music Festivals and the Indian Wells Tennis Garden are a short walk or drive away, as are many of the Coachella Valley’s 120 golf courses. In summary, Victoria Palms is an attractive locale for families, retirees, and vacation renters or buyers seeking affordable but well-located living. *Buyer to Verify.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $3,940,529 | Total Assessment | $3,940,529 |
PROPERTY TAXES
