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Coachella, California 39 Acres Residential Raw Land, Bank-Owned Foreclosure

DISCOUNTED: 30%
APPRAISED VALUE: $10,000,000
OFFERING PRICE: $7,000,000


COACHELLA, CALIFORNIA RESIDENTIAL RAW LAND
BANK OWNED FORECLOSURE INVESTMENT OFFERING
IN PALM SPRINGS RECREATION AREA
ABUTS FANTASY SPRINGS RESORT

Location
Avenue 44 and Harrison St.
Coachella, California

39.53+/- ACRES RESIDENTIAL DEVELOPMENT
SCENIC COACHELLA VALLEY
SOUTHERN SIDE OF AVENUE 44
COACHELLA, CA



OFFERING HIGHLIGHTS

    COACHELLA, CALIFORNIA
    - SCENIC COACHELLA VALLEY
    - CITY OF ETERNAL SUNSHINE
    - YOUNG, EDUCATED, EXPANDING COST EFFECTIVE WORKFORCE
    - STRONG DIVERSIFIED ECONOMY
    - MEDIAN RESIDENT AGE OF 22.8 YEARS
    - FAMILY ORIENTED COMMUNITY
    - POPULATION DOUBLED FROM 2000 TO 2007
    - ONE OF THE FASTEST GROWING AREA IN THE STATE
    - INTERSTATE 10 AND STATE HIGHWAY 111 ARE MAJOR ARTERIALS BISECTING CITY
    - SITUATED BETWEEN JOSHUA TREE NATIONAL PARK AND SALTON SEA
    - 30 MINUTES EAST OF PALM SPRINGS
    - SHORT DRIVE TO SAN DIEGO, LOS ANGELES AND MEXICO

    SERENATA
    - 39.53+/- ACRES
    - PROPERTY LOCATED ON NORTHERN SIDE OF CITY AT INDIO CITY LINE
    - NEXT TO FANTASY SPRINGS RESORT AND CASINO
    - CLOSE TO INTERSTATE 10 AND GOLF CENTER PARKWAY
    - ONE OF THE FASTEST GROWING AREAS OF THE CITY
    - LEVEL TO ROLLING TOPOGRAPHY
    - FRONTAGE ALONG AVENUE 44
    - ESSENTIALLY RECTANGULAR TRACT
    - ALL PUBLIC UTILITIES AVAILABLE TO THE SITE
    - APPROVED IN SEPTEMBER 2006 FOR 140 SINGLE FAMILY BUILDING LOTS

Contact Person's Name: James Jarrell
Contact Phone Number: +1 702-882-8657
Contact E-mail address: +1 702-882-8657
Brokerage Name: DLG Realty and Investments

Submitted by: admin
Property ID Number: 65
Property ID Name: Serenata
Added: Fri May 09 2008

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