Sold
Rancho Mirage, CA
40315 Cholla Lane
Ending Price
$16,000,000
Incredible development opportunity in the U-District! Existing home is a historic 1911 time capsule with original built-ins. Potential for up to 4 townhomes/SFH's or remodel existing home and add additional units. HUGE double lot with alley access and LR1 zoning allows for many options. Geotech study complete, Survey complete, and as-builts for existing home are complete. Initial PAR (Preliminary Assessment Report) from the city has been obtained and available on request. Land alone is tax assessed at $1.27M. LOT NEXT DOOR IS CURRENTLY AVAILABLE FOR POSSIBLE ASSEMBLAGE! Ask Listing Broker for details and dramatically increase your development potential!