Valencia

 Valencia

Coachella, CA

THE PROJECT

The Valencia offering provides a homebuilder with an opportunity to acquire 50 finished lots in an entry-level community with no homeowners association (HOA) and no communities facilities district (CFD).

Valencia opened for sale in 2006 and the original homebuilder sold 28 homes with an average price of $405,979 ($176/sf). When the project stalled in the downturn, the existing Owner purchased the project from the bank, finished and sold the remaining 22 standing inventory homes, and stabilized the remaining finished lots.

LOT COUNT:
50 Single-Family Lots

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ENTITLEMENTS:
Recorded Final Map

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LOT CONDITION:
Finished

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OFFER DUE DATE:
No offering date has been established. Ownership will evaluate individual proposals as they are received.

 

BROKER CONTACT