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Landau Blvd - Prime Development Opportunity 0.97 Acres of Residential Land Offered at $1,744,900 CAD in Cathedral City, CA 92234
INVESTMENT HIGHLIGHTS
- Lot 1: 675-051-001, 10,019 SqFt
- Lot 3: 675-051-003, 8,276 SqFt
- Lot 5: 675-051-021, 7841 SqFt
- Lot 2: 675-051-002, 8,276 SqFt
- Lot 4: 675-051-004, 7,841 SqFt
EXECUTIVE SUMMARY
This offering presents a rare and robust opportunity for developers seeking a well-positioned site in Cathedral City, California. The listing features five contiguous parcels bundled together, providing the critical mass necessary for a high-impact residential project.
Key Investment Highlights:
• Exceptional Zoning: The property is designated High Residential (20-24 dwelling units per acre) under the Cathedral City General Plan. This favorable zoning allows for the construction of multi-family housing, townhomes, or apartments, addressing the strong demand for housing in the Coachella Valley region.
• Ideal Size & Configuration: The combined area of .97Acres (42,253 Sq Ft) is optimally sized for efficient site planning and construction of a compact, high-density residential community.
• Prime Location: Situated in a key area of Cathedral City, the site benefits from strong regional access and proximity to local amenities, retail centers, dining, and transportation corridors, enhancing its attractiveness to future residents.
Financial Summary
Asking Price:$1,250,000
Price Per SF: $29.58
Lot Size: .97 Acres (42,253 Sq Ft)
Property Type: Land
Zoning: Cathedral City General Plan property is designated High Residential (20-24 du/ac)
Lots: 5
APN: 675-051-001, 675-051-002, 675-051-003, 675-051-004, 675-051-021
County: Riverside
Development Potential:
Given the High Residential designation, a developer could potentially achieve a maximum yield of 19 to 23 units on this .97-acre site, subject to local planning approvals and specific development standards. This density offers an excellent foundation for maximizing return on investment through the construction of condominiums or rental units.
Note: Prospective buyers are strongly advised to conduct independent due diligence with the City of Cathedral City Planning Department to confirm current setback requirements, maximum density calculations, and utility availability for their specific development plans.
Land Use Planning firm, regarding possible development opportunities for this acreage.
Conceptual Site Plan E
• 20 Townhouses
• Approx 1,600 sq feet each
• 3 stories tall
• Attached 2-car garage.
Conceptual Site Plan F
• 28-unit apartment complex or Condo utilizing Low-Income credits/State of California Bonus Density Credits.
Key Investment Highlights:
• Exceptional Zoning: The property is designated High Residential (20-24 dwelling units per acre) under the Cathedral City General Plan. This favorable zoning allows for the construction of multi-family housing, townhomes, or apartments, addressing the strong demand for housing in the Coachella Valley region.
• Ideal Size & Configuration: The combined area of .97Acres (42,253 Sq Ft) is optimally sized for efficient site planning and construction of a compact, high-density residential community.
• Prime Location: Situated in a key area of Cathedral City, the site benefits from strong regional access and proximity to local amenities, retail centers, dining, and transportation corridors, enhancing its attractiveness to future residents.
Financial Summary
Asking Price:$1,250,000
Price Per SF: $29.58
Lot Size: .97 Acres (42,253 Sq Ft)
Property Type: Land
Zoning: Cathedral City General Plan property is designated High Residential (20-24 du/ac)
Lots: 5
APN: 675-051-001, 675-051-002, 675-051-003, 675-051-004, 675-051-021
County: Riverside
Development Potential:
Given the High Residential designation, a developer could potentially achieve a maximum yield of 19 to 23 units on this .97-acre site, subject to local planning approvals and specific development standards. This density offers an excellent foundation for maximizing return on investment through the construction of condominiums or rental units.
Note: Prospective buyers are strongly advised to conduct independent due diligence with the City of Cathedral City Planning Department to confirm current setback requirements, maximum density calculations, and utility availability for their specific development plans.
Land Use Planning firm, regarding possible development opportunities for this acreage.
Conceptual Site Plan E
• 20 Townhouses
• Approx 1,600 sq feet each
• 3 stories tall
• Attached 2-car garage.
Conceptual Site Plan F
• 28-unit apartment complex or Condo utilizing Low-Income credits/State of California Bonus Density Credits.
PROPERTY FACTS
| Price | $1,744,900 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.97 AC |
| Property Type | Land | ||
| Zoning | HR - High Residential | ||
| Price | $1,744,900 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.97 AC |
| Zoning | HR - High Residential |
1 LOT AVAILABLE
Lot 5
| Price | $1,744,900 CAD | Lot Size | 0.97 AC |
| Price Per AC | $1,798,866.03 CAD |
| Price | $1,744,900 CAD |
| Price Per AC | $1,798,866.03 CAD |
| Lot Size | 0.97 AC |
Situated in a key area of Cathedral City, the site benefits from strong regional access and proximity to local amenities, retail centers, dining options, and transportation corridors, thereby enhancing its attractiveness to future residents.
DESCRIPTION
Vacant Land
1 1
PROPERTY TAXES
| Parcel Number | 675-051-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $116,632 CAD | Total Assessment | $116,632 CAD |
PROPERTY TAXES
Parcel Number
675-051-001
Land Assessment
$116,632 CAD
Improvements Assessment
$0 CAD
Total Assessment
$116,632 CAD
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Landau Blvd - Prime Development Opportunity
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