Income Producing Farm for Sale; Slashed almost 50% in Price!

By
Real Estate Agent with HK Lane, Christie's International Affiliate, 760-285-3578 DRE #01329387

Prime, 28.6 acre Farm For Sale in Coachella, Ca...Slashed almost 50% in Price!  Seller has reduced this gorgeous farm almost 50%/acre from last season..now $65,000/acre.  Currently planted in alfalfa which is locally harvested 3x/year, this parcel can be easily sub-divided into 4 parcels. 

INCOME PRODUCING: 

  • Small, older 3/2 ba SFR which is currently rented at $500/month.  This would be perfect for your caretaker, or to live in while you build your custom estate home or barns.
  • Outbuildings which are currently leased to a local businessman at $2,000/month.  He would like to continue to lease them if possible. 
  • Alfalfa business which produces approximately $500/month income.  A local farmer owns the harvesting equipment and does all the work!  Sell it or harvest part of it for your own use.  Horses are HUGE here in the Valley.
  • Total Monthly Income of Approx. $3,000!

This corner parcel is NOT stuck out in the desert sand.  A polo training facility is contiguous to the West and North.  Zoned Ag, but with an Estate density Equestrian overlay, this parcel has many potential uses.  Only 5 miles from Old Town La Quinta, approx 10 minute drive to Ralphs/pharmacy/cleaners etc., 2 miles from the Polo Fields and approx 7 miles from the HITS horseshow grounds.

Southern mountainsWest view to mountainsEastern mountainsLeased outbuildingsRented house53rd avenue West53rd looking East

View South panning West and then East.  Leased outbuilding.  Rented home.  Looking West along 53rd which is a paved frontage road, and looking East along the same frontage road.  Entry is directly off this paved road.  Very accessible!  SELLER WANTS TO SELL..WILL LOOK AT ALL OFFERS!

MLS #21385844     83285 Avenue 53  Coachella, CA.

Posted by

 

Kimberley Kelly, RealtorKimberley Kelly,   Land, Ranches or Residential properties in the Palm Springs Valley of California. Follow this link to Meet Kim!

(760) 285-3578

 

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Comments (4)

D B
Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578

Hey Kim:

This looks like a great new listing of yours.  Best wishes with the marketing.

Don

Feb 06, 2010 10:48 PM
Kimberley Kelly, SFR, HAFA, GREEN
HK Lane, Christie's International Affiliate, 760-285-3578 - La Quinta, CA
I do Real Estate like I played polo-to WIN!

Thanks Don..getting a lot of activity!  Developers are beginning to buy land again, and Canadians and out of towners looking for "gentlemen Farms"  Hopefully, it'll go this season.  Just got a signed offer on another small ranchette yesterday!

Feb 07, 2010 01:09 AM
Connie Lou Barnett
Real Living/Home Realty - Owensboro, KY
GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC

Hi Kimberly,

    With a price reduction like this one it should move in a hurry. LOL

Connie Lou

Feb 08, 2010 01:42 AM
Kimberley Kelly, SFR, HAFA, GREEN
HK Lane, Christie's International Affiliate, 760-285-3578 - La Quinta, CA
I do Real Estate like I played polo-to WIN!

Thanks Connie.  Lots of activity..shown again several times over weekend.  Land hasn't moved for the past 18 months, but we've had some large parcels close just recently since the prices have come down so dramatically..

Feb 08, 2010 03:25 AM