83300 58th Avenue
$9,900,000
2,571,346 / 59.03
Description
The subject property is located in the City of La Quinta Sphere of Influence (SOI) The current local governing agency is the County of Riverside in the Vista Santa Rosa Community. The future Low Density Residential designation on The City of La Quinta General Plan 2035 is consistent with recent Vista Santa Rosa Community board input, regarding future land use. Possible 200 unit residential subdivision. Sewer is at Jackson St. The property was originally developed as a Coachella Valley based nursery...The subject property is located in the City of La Quinta Sphere of Influence (SOI) The current local governing agency is the County of Riverside in the Vista Santa Rosa Community. The future Low Density Residential designation on The City of La Quinta General Plan 2035 is consistent with recent Vista Santa Rosa Community board input, regarding future land use. Possible 200 unit residential subdivision. Sewer is at Jackson St. The property was originally developed as a Coachella Valley based nursery by a wholesale nursery company that distributed its products to Big Box
stores in Southern California. The original greenhouse improvement costs excluding the land exceeded the current asking price of the property by several million dollars. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. Cannabis Hemp cultivation for CBD oil production was the most recent agriculture activity at the Nursery facility. A new owner could consider leasing the greenhouse to a new CBD cannabis grower tenant. The property could also be operated as a wholesale nursery to the landscape construction & maintenance industry in the Coachella Valley. The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.
stores in Southern California. The original greenhouse improvement costs excluding the land exceeded the current asking price of the property by several million dollars. The property has a 500 gallon per minute irrigation well & pump station with storage tanks for the nursery irrigation system. Cannabis Hemp cultivation for CBD oil production was the most recent agriculture activity at the Nursery facility. A new owner could consider leasing the greenhouse to a new CBD cannabis grower tenant. The property could also be operated as a wholesale nursery to the landscape construction & maintenance industry in the Coachella Valley. The property is located in an Opportunity Zone, which offers a tax shelter advantage to a new owner. Opportunity Zones offer tax benefits to investors who elect to temporarily defer tax on capital gains if they timely invest those gain amounts in a Qualified Zone property.
- Listed by Robert Castro • DRE #01962756 • Arris Properties
Property Details for 83300 58th Avenue
Subdivision Name
Vista Santa Rosa
ViewMountain(s)
Cross StreetJackson Street
LISTING UPDATED: 11/15/2024 07:48 PM
Property Details for 83300 58th Avenue
Status | Active |
---|---|
MLS # | 219120051 |
Days on Market | 7 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 59.03 AC |
County | Riverside County |
Building Information for 83300 58th Avenue
Lot Size59.03 AC
Property Information for 83300 58th Avenue
Property History for 83300 58th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 83300 58th Avenue
Taxable ValueLand$1,796,366Additions$4,315,182Total$6,111,548
Tax Record2024$77,648 ($6,471 / month)
Home Facts
Lot Size2,571,346 SqFtStyleFarmsZoningA120CountyRIVERSIDEAPN764-170-008
Schools near 83300 58th Avenue
This home is within Coachella Valley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Westside Elementary School PublicK to 6 | ||
Cahuilla Desert Academy Junior High Public7 to 8 | ||
Coachella Valley High School Public9 to 12 | ||
Nova Academy - Coachella Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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