Southern California 60-Unit Permit Ready Site

  • Indio-1
  • 16858_resized

Project Category: Original Use Property

  • Summary

    The subject property is a fully entitled and permit ready 60-unit multi-family residential development site located on Avenue 44 just west of Jackson Street in the booming city of Indio. This development opportunity will be delivered with all final city approvals for the construction of 60 residential units in six separate buildings.

  • Details
    Project Qualification: Original Use Property
    Real Estate: Residential
    Non-Real Estate: California
    Total Capital Required: $11,000,000
    Equity Required: $5,000,000
    Debt Required: $6,000,000
    Project Control: We own all the key property
    Timeline: Less than 30 days
    File:
     Address: 44TH Ave Indio California 94533 United States
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  • Project Narrative
    Project Narrative:

    The site is rectangular in shape with ±836' of frontage along Avenue 44 with a depth of ±286' . The topography of the site is flat and all of the utilities are to the site. The neighborhood surrounding the subject property is primarily single family residential in nature with a few small retail strip centers and several schools (there are three elementary schools located within blocks of the subject property).

    All 60 units in this development are designed to be 2 bedroom - 2 bath units of 1,050 square feet. Each unit will also have an attached 2-car garage along with either a private patio or balcony.