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Monroe - Monroe 30 Acres Residential Opportunity Zone! 30.32 Acres of Residential Land in La Quinta, CA 92253
INVESTMENT HIGHLIGHTS
- QUALIFIED OPPORTUNITY ZONE – SIGNIFICANT TAX BENEFITS
- FOR-SALE HOMES OR SFD BUILD FOR RENT | INCREASED UNIT COUNT POTENTIAL VIA ADU’S (ACCESSORY DWELLING UNITS)
EXECUTIVE SUMMARY
WITHIN OPPORTUNITY ZONE!
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 30.32 AC |
| Property Type | Land | Cross Streets | 61st. Ave. |
| Property Subtype | Residential | ||
| Zoning | LDR | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 30.32 AC |
| Cross Streets | 61st. Ave. |
| Zoning | LDR |
1 LOT AVAILABLE
Lot
| Lot Size | 30.32 AC |
| Lot Size | 30.32 AC |
Previously Approved 94 Single Family Lots | 8,380 to 16,236 Sq. Ft. (9,694 Sq. Ft. Avg.) 30 Acres
DESCRIPTION
“MONROE NINETY-FOUR” is a gated stand-alone project previously approved for 94 Single Family Lots (9,694 sq. ft. avg.), with excellent views of the Santa Rosa Mountains in the city of La Quinta, California. The lies directly adjacent to the previously sold-out 1,238 unit Shea Homes Active Adult Trilogy at La Quinta community. This new market-rate development with an optional age-restricted optional overlay, will help fill an undersupplied niche in the Coachella Valley market which is known for both its local families and empty-nesters, and its retirees and 2nd-home buyer pool. There could also be potential membership discounts available with the adjacent Golf Club at La Quinta (Buyer to Verify). This property is also one of the few Opportunity Zone designations in City of La Quinta which could benefit Build-For-Rent developers.
PROPERTY TAXES
| Parcel Number | 764-270-015 | Improvements Assessment | $0 |
| Land Assessment | $1,966,284 | Total Assessment | $1,966,284 |
PROPERTY TAXES
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Monroe - Monroe 30 Acres Residential Opportunity Zone!
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