Land in Salton Sea 0.25 Acres Holding Long Term

Land in Salton Sea 0.25 Acres Holding Long Term

San Diego, CA · Member since 2020 · 150 posts · 54 votes

Investment Info:

Other buy & hold investment.

Purchase price: $5,000
Cash invested: $5,000

I bought the land cash

Lessons learned? Challenges?

Area is not that great but hopefully the area gets better in the long run

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  • Rental Property Investor · San Diego, CA · Member since 2010 · 377 posts · 314 votes
    6y

    Hm. Salton Sea. $5k cash is cheap, but which area? Is it a 'buildable" lot? My friends & I used to go out to the desert camping all the time back in the day. Salton Sea had all kinds of very cool stuff to explore, but the alkali dust was a bit wearing after awhile. 

  • San Diego, CA · Member since 2020 · 150 posts · 54 votes
    6y

    Yes. It is in good location but are is still "under development"1131 North Marina Drive. Yes it is buildable lot and it is getting busier and might start to gentrifying but there is still uncertainty due to the covid-19 situation. I also read that $47,000,000 was approved to clean that alkali dust that endangers locals and visitors.https://ukenreport.com/state-budget-includes-funds-for-salton-sea-projects/.

  • Member since 2023 · 1 post · 0 votes
    3y

    Have you visited the area. How safe is it to purchase and hold ?

  • San Diego, CA · Member since 2020 · 150 posts · 54 votes
    2y

    Yes, it's a long term hold.

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