Listed by: David Burke, Berkshire Hathaway HomeServices California Properties
$2,750,000
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House -
Off Market
80420 Avenue 52
La Quinta, CA 92253
2 Beds
2 Baths
1,809 Ft²
$14,682
Est. Monthly
About This Property
Development Opportunity: 5.5 Acres in La QuintaThis expansive
5.5-acre property presents a unique opportunity for development in
the heart of La Quinta. Zoned for high-density residential or
estate homes, the possibilities are endless. The property currently
features an existing nursery, an 1800 square foot single-family
residence with a private gated entrance and a substantial 3,600
square foot shop and office space. And a separate commercial
wash bay. Also includes water rights to the canal, and its
own well. This existing infrastructure can be repurposed or
redeveloped to suit your vision.Located just minutes from the
world-renowned Coachella Valley Music and Arts Festival grounds and
the prestigious polo fields, this prime location offers
unparalleled access to entertainment, recreation, and luxury
amenities.Investors and developers alike will appreciate the
potential to create a high-end residential community or a single,
expansive estate property in this highly sought-after area. Don't
miss this extraordinary chance to capitalize on the thriving La
Quinta market.Buyer to verify use and infrastructure amenities.
Unit Size
1,809 Ft²
Days on Market
181 days
Land Size
5.50 acres
Price per sqft
$1,653
Property Type
House
Property Taxes
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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: 2 years ago (CRMLS #219118313DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2025 | Sold | ||
| Sold | |||
| Dec 11, 2024 | In contract | - | |
| In contract | |||
| Oct 12, 2024 | Listed by Berkshire Hathaway HomeServices California Properties | $2,990,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About La Quinta
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Listed by: David Burke, Berkshire Hathaway HomeServices California Properties
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118313DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118313DA
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