0 Landau BlvdCathedral City, CA 92234

Property Details for 0 Landau Blvd

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional investment opportunity encompasses five contiguous lots totaling 42,253 square feet, located at 0 Landau Boulevard, Cathedral City, CA 92234 (APN: 675-051-001, 675-051-002, 675-051-003, 675-051-004, 675-051-021). The property is zoned for High Residential use, allowing for a density of 20-24 dwelling units per acre. Preliminary plans have been explored, showcasing the potential for various development scenarios. One concept envisions a 20-unit townhome complex, with each unit approximately 1,600 square feet and featuring three stories and attached two-car garages. Another concept proposes a 28-unit apartment or condominium complex, potentially leveraging low-income housing tax credits and bonus density allowances to maximize development potential. Supporting documentation, including conceptual drawings and correspondence from a planning firm regarding feasible development options, is available. The asking price for this remarkable development opportunity is $1,250,000. This prime location in Cathedral City presents a unique chance to capitalize on the high demand for residential housing in this thriving area.

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.8449

Longitude

-116.476

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