5
Map
$9,000,000
●
Land -
For Sale
0 Monterey Ave & Frank Sinatra
Rancho Mirage, CA 92270
Studio
0 Bath
$44,192
Est. Monthly
About This Property
Across from Cotino, a Disney Storyliving luxury mixed use community
development with homes, hotel, shopping, dining, entertainment and
a 24-acre Crystal Lagoon. Adjacent to Marriott Shadow Ridge Golf
Resort with 424 units plus 93 recently approved single family
homes. Infill Commercial Development Site in the heart of the
Coachella Valley adjacent to Marriott Shadow Ridge Golf Resort.
Exposure with nearly 1/2 mile of frontage on Monterey, one of the
most traveled thoroughfares in the Coachella Valley. Located near
Sunnylands, the renowned Presidential Retreat and Cultural Center,
and Mission Hills Country Club, home of the Dinah Shore LPGA Golf
Tournament. *Brochures can be downloadable in the 'Document' tab.
Unit Size
-
Days on Market
1917 days
Land Size
17.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1971
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 months ago (CRMLS #219065227DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2024 | Relisted | $9,000,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 22, 2021 | Listed | $9,000,000 | |
| Listed | |||
| | |||
|
Across from Cotino, a Disney Storyliving luxury mixed use community development with homes, hotel, shopping, dining, entertainment and a 24-acre Crystal Lagoon. Adjacent to Marriott Shadow Ridge Golf Resort with 424 units plus 93 recently approved single family homes. Infill Commercial Development Site in the heart of the Coachella Valley adjacent to Marriott Shadow Ridge Golf Resort. Exposure with nearly 1/2 mile of frontage on Monterey, one of the most traveled thoroughfares in the Coachella Valley. Located near Sunnylands, the renowned Presidential Retreat and Cultural Center, and Mission Hills Country Club, home of the Dinah Shore LPGA Golf Tournament. *Brochures can be downloadable in the 'Document' tab.
| |||
Property Highlights
Exterior Details
Lot Features: Corner Lot
Lot Size Area: 747490
Lot Size Units: Square Feet
Lot Size Acres: 17.16
Lot Size Square Feet: 747490
Utilities Details
Sewer : Other
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Desert Island Country Club
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Listed by: Susan Harvey, Desert Pacific Properties
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219065227DA
Last Updated: 12 months ago
Data Source: CRMLS, MLS# 219065227DA
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