The property currently consists of 22 acres of land located in La Quinta, California. The site is located in Coachella Valley, approximately 25 miles from Palm Springs, and surrounded by high quality developments including the La Quinta Resort & Club, the Rancho La Quinta Golf Club and Lake La Quinta, as well as numerous restaurants and shopping venues.
A new mixed use development, was unanimously approved by the La Quinta Planning Commission on June 12, 2018 and by the City Council on July 3rd. The approved development consists of approximately 131 single-family small lot detached units and a 2.8 acre commercial/hotel parcel.
Shopoff has begun construction on the 131 single family build to rent development, completion is anticipated mid-2023.
This is neither an offer to sell nor a solicitation of an offer to buy any security. An investment in a Shopoff limited partnership involves a high degree of risk, including the possible loss of your investment, and is illiquid with an uncertain liquidity date. Past performance is not indicative of future results. Securities offered through Shopoff Securities, Inc., member FINRA/SIPC.