Property Details
About this Property
SELLER FINANCING AVAILABLE! PRIVATE LENDER REO. PRICE REDUCED TO $5,000,000! 25 acre parcel with APPROVED 402 unit residential condominium community consisting of all 2BR 2BA, dual master suite 1245 SF units and two-level community center. Desert Hot Springs is the fastest growing city in the Coachella Valley and positioned to become a cornerstone of affordable, entry-level housing for the existing and growing workforce in the area. Site is within 20 minutes of all major employment centers, health care facilities and resorts in the Greater Palm Springs area. Development Permit, Conditional Use Permit and Tentative Tract Map have been approved. 175 page City of Desert Hot Springs Staff Report is available. Property previously sold in 2022 for $9,000,000. Appraisal report available. At pro-forma sale price of $250,000 per unit, land cost is 8.9%. Total project revenue is estimated at $100 million.
MLS Listing Information
MLS #
CRPW24044386
MLS Source
California Regional MLS
Days on Site
249
Lots & Land Information
Fencing
None
Parking, School, and Other Information
HOA Fee
$0
Zoning
D4
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
0 Palm Dr is in Desert Hot Springs, CA 92240. This Land is currently priced at $5,000,000. This address can also be written as 0 Palm Dr, Desert Hot Springs, CA 92240.
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This listing information is up-to-date as of September 29, 2024. For the most current information, please contact Randy Smith
