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Jefferson St & Fred Waring Dr - Flora La Quinta 5.1 Acres of Residential Land in La Quinta, CA 92253

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INVESTMENT HIGHLIGHTS

  • Fully Entitled 89-Unit Multifamily Development in Prime La Quinta Location- High Growth Corridor Near Retail, Golf and Luxury Resorts

EXECUTIVE SUMMARY

FULLY ENTITLED 89 UNIT MULTIFAMILY DEVELOPMENT OPPORTUNITY- Flora is a unique multifamily investment opportunity located in the fast-growing and densely populated neighborhood of North La Quinta in the Coachella Valley.
Designed to take advantage of existing site improvements, including two certified building pads, parking lots, stormwater retention systems, utility infrastructure, and landscape improvements, Flora, which sits adjacent to Jefferson Square Shopping center which is a LEED-Gold certified development that capitalizes on the unique features of the area. The property offers a wide range of floor plans, from studios to three-bedroom units, and various amenities, including a fitness center, community room, swimming pool, and barbecue area.
The Coachella Valley is known for its diverse recreational activities and numerous cultural events, making Flora an attractive option for permanent residents and seasonal visitors. The property is conveniently located near Monticello Park and Heritage Court, an adjacent grocery-anchored shopping center with various restaurant options.
Investing in Flora means investing in a stable and growing market with strong demand for multifamily housing. With the population of the Coachella Valley projected to continue growing and limited to new construction in the area, Flora presents a rare opportunity to acquire a investment property in a high-growth market. Don't miss out on the chance to invest in this exceptional property in a thriving community.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 5.10 AC
Zoning CN - Neighborhood Commercial with Specific Plan overlay

1 LOT AVAILABLE

Lot

Lot Size 5.10 AC

The proposed project sits on a 5.1-acre site that is fully improved with all utilities stubbed and has development credits of over $100K in place. The site is adjacent to the 39,000 sq ft Jefferson Square Shopping Center and Heritage Court, with CVS.

DESCRIPTION

The proposed project sits on a 5.1-acre site that is fully improved with all utilities stubbed and has development credits of over $100K in place. The site is adjacent to the 39,000 sq ft Jefferson Square Shopping Center and Heritage Court, with Walmart Neighborhood Grocery, CVS, Walgreens and many restaurant, retail, fitness and service options all within close walking distance.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 604-521-013
  • 604-521-014
Land Assessment
$2,994,848 CAD
Improvements Assessment
$277,021 CAD
Total Assessment
$3,271,869 CAD
  • Listing ID: 34901962

  • Date on Market: 2025-02-21

  • Last Updated:

  • Address: Jefferson St & Fred Waring Dr, La Quinta, CA 92253

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