CA > Desert Hot Springs
Desert Hot Springs, CA 92240,0 Palm Drive
Desert Hot Springs, CA 92240,0 Palm Drive
Desert Hot Springs, CA 92240,0 Palm Drive
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Listed by Randy Smith • smithREgroup
$5,000,000
Est. payment /mo
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1,089,000 SqFt
Active

0 Palm Drive Desert Hot Springs, CA 92240

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Kenneth Er

Kenneth Er

+1(510) 828-8572

UPDATED:

09/29/2024 12:15 PM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 1,089,000 sqft

Price per Sqft $4

MLS Listing ID CRPW24044386

HOA Y/N No

Originating Board Datashare California Regional

Lot Size 25.000 Acres

Property Description

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.

Location

State CA

County Riverside

Interior

Fireplace No

Exterior

View Mountain(s)

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Kenneth Er

Agent | License ID: 01942269

+1(510) 828-8572

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