TITLE:
THOMAS MOUNTAIN RANCHS 30 MILES FROM PALM DESERT, HIGH DESERT
CONTROL:
Partner
VALUE:
$3,850,000
LOAN:
$2,820,000
EQUITY:
$1,030,000
TYPE:
Development
HAVE:
35, 2 acre parcels with underground electricity and hi-speed fiber optics. Roads are in. Gated, high desert panoramic views. Shovel ready. We have builders and a lender doing one-time close can float down rates at occupency (1 to 35 lots for sale)
WEBSITE URL:
ADDRESS:
Upper Valley Road, Anza, California
BENEFITS TO NEW OWNER:
Shovel ready, marked parcels with underground electricity and hi-speed fiber optics.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$28,800
NOI:
$-28,800
DEBT SERVICE:
$264,000
CASH FLOW:
$-292,800
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,400,000
$12,800
11%
02/22/2026
Yes
LOAN 2
$1,000,000
$10,000
12%
02/22/2026
Yes
LOAN 3
$425,000
$0
0%
07/04/2025
No
BENEFITS SOUGHT:
Sell or partner with developer/investor. Or 1031x for income properties or flips.
CAN ADD:
Have adjoining 25 acre parcel to include into TMR at 500000. Zoned 2 acre parcels! Add 12 lots to TMR's gated community.
REMARKS:
Majority owner can direct the 155 acres of HOA. Bring your equestrian buyers. Last house at the ranch sold for $850,000 over a year ago.
Panoramic views and sounds of silence. 33 miles from Palm Desert.
Last parcel just sold for $145,000.
COUNSELOR:
Laura Latronica
eXp realty of California, Inc
2683 Camino Ramon, Suite 200,
San Ramon, California, 94883
