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49900 Van Buren Street

12.84 Acres of Residential Land Offered at $2,050,000 in Coachella, CA 92236

Investment Highlights

  • Prime subdivision development opportunity.
  • Newer existing subdivisions are adjacent and across the street.
  • Booming west Coachella residential market.
  • Van Buren Plaza is adjacent to the south.

Executive Summary

Residential subdivision development

Property Facts

Price $2,050,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 12.84 AC

1 Lot Available

Lot

Price $2,050,000
Price Per AC $159,657
Lot Size 12.84 AC

East side of Van Buren Street just North of the Van Buren Plaza shopping center, located on Avenue 50 at Van Buren, in the city of Coachella, CA

Description

Two parcels of land that must be sold together. 1. APN 603-260-50. This is a 12.12 acre parcel of raw land located on the east side of Van Buren Street just north of the Van Buren Plaza shopping center, which is located on Avenue 50 at Van Buren, in the city of Coachella, CA. It is currently Zoned RM/PUD (Residential Multiple Family/Planned Unit Development) and is surrounded by residential subdivisions. It has a previously approved Tentative Tract Map No. 34434 which showed up to 172 single family homes. The property has 833.37 feet of frontage on Van Buren Avenue and is 611.28 feet deep. 2. APN 603-260-48. This is a 0.72 acre parcel of raw land that abuts the above property in its SE corner. This parcel is shown on Tentative Tract Map No. 34434 as being the location of the storm water retention basin for the proposed 172 single family home subdivision. The property measures 348.61 feet from north to south and 89.39 feet from east to west.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 603-260-048
  • 603-260-050
Land Assessment
$387,523
Improvements Assessment
$0
Total Assessment
$387,523

zoning

Zoning Code R/PUD (RM/PUD (Residential Multi Family/Planned Unit Development))
R/PUD (RM/PUD (Residential Multi Family/Planned Unit Development))
  • Listing ID: 31061025

  • Date on Market: 2/27/2024

  • Last Updated:

  • Address: 49900 Van Buren Street, Coachella, CA 92236

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