0 49th Avenue

    Indio, CA 92201
    • $1,500,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 219031516DA
    UPDATED: 61 min ago
    $1,500,000
    • 0
      BEDS
    • 5.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    ''GALLERY 49 WEST'', consisting of 9 improved & recorded lots (for sale in bulk) which is approved as a gated enclave of modern high-end for-sale homes OR as vacation-rental homes, not far from the world renowned Music Festivals. This project is located in the high-end Southwest Corner of Indio, nearly adjacent to La Quinta, where home prices average above $1M. These near half-acre lots have the ability to support a large product size and great floor plan. The current product is proposed with modern architecture, and could be tweaked further. Gallery 49 is one of the only opportunities like this with a private enclave near the Music Festival Grounds, with ability to sell to investor homebuyers whom will operate the home as a lucrative vacation rental, OR for you to run a similar business plan directly. There are some other similar developments report rental revenues as high as $100k/weekend during each of the 3 festival weekends each Spring. Otherwise, a for-sale homes sale business plan with modern product could yield home values of $1.25M-$1.5M+.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T23:29:51.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/99809899

    0 49th Avenue Indio, CA 92201

    • Price: $1,500,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: 219031516DA
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.95
    Acres
    Neighborhood:
    Stonefield Estates
    County:
    Riverside
    Property Description
    ''GALLERY 49 WEST'', consisting of 9 improved & recorded lots (for sale in bulk) which is approved as a gated enclave of modern high-end for-sale homes OR as vacation-rental homes, not far from the world renowned Music Festivals. This project is located in the high-end Southwest Corner of Indio, nearly adjacent to La Quinta, where home prices average above $1M. These near half-acre lots have the ability to support a large product size and great floor plan. The current product is proposed with modern architecture, and could be tweaked further. Gallery 49 is one of the only opportunities like this with a private enclave near the Music Festival Grounds, with ability to sell to investor homebuyers whom will operate the home as a lucrative vacation rental, OR for you to run a similar business plan directly. There are some other similar developments report rental revenues as high as $100k/weekend during each of the 3 festival weekends each Spring. Otherwise, a for-sale homes sale business plan with modern product could yield home values of $1.25M-$1.5M+.
    Exterior Features

    Lot Size Source Other Lot Size Units Acres

    Property Features

    Additional Parcels Description Apns included 602570001; 602570002; 602570003; 602570004; 602570005; 602570006; 602570007; 602570014; 602570015 Land Value 0 Senior Community YN No Sewer Other Special Listing Conditions Standard Subdivision Name Other Stonefield Estates Water Source Other Water Well YN No

    Listing provided courtesy of Erik Christianson of The Hoffman Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T23:29:51.283. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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    16755 Von Karman Ave, Ste 200
    Irvine CA, 92606