Listing by: Alex Bias, Desert Local Realty

0 Beds

n/a Full bath

n/a SqFt

Active

Unlock the potential of two adjacent primo parcels spanning 4.54 acres (APN 642 081-003 and 004) in the thriving Desert Hot Springs area. Priced at $872,102 each, these parcels combine for a total of $1,744,204. Boasting 668 feet of frontage on Hacienda Ave and 303 feet on Verbena Drive, these parcels are perched on the positive slope of the north side, offering breathtaking 270 panoramic views of the San Jacinto Mountains and the San Gorgonio Pass. Zoned R-VS-H (Residential/Visitor-Service High Density), this land is ideal for hot water spas, hotels, or up to 14 residential units, with access to 120-125 mineral springs just 300 feet underground. Utilities are already in place, providing convenience and flexibility. Even more exciting, this land could host 56-60 townhomes with a variance of use, as seen in the nearby Hacienda Hills development. Take advantage of the Opportunity Zone designation, offering developers potential capital gains tax deferrals or eliminations up to 39% per million in tax credits over 7 years. Strategic Location: Positioned at the western gateway to Coachella Valley, just minutes from the renowned Desert Hot Springs resort spa area and 20 minutes to Palm Springs. With such potential for significant returns, this is an exceptional investment opportunity for the astute developer looking to capitalize on Desert Hot Springs' booming growth and economic incentives!

Property Details
Price $872,102
Lot Size 332' x 303' x 303' x 331'
Lot Size Area 98881
Lot Size Area Units Square Feet
Acres 2.27
Property Type Land
Features Electricity Available,Natural Gas Available,Sewer Available
Subdivision Not Applicable-1
View City Lights,Mountain(s),Panoramic
Geographic Data
Directions North on Palm Drive. Turn right (East) on Hacienda. Approx. 3/4 mile, property is on the left corner of Verbena and Hacienda.
County Riverside
Latitude 33.947273
Longitude -116.479569
Market Area 340 - Desert Hot Springs
Address Information
Address 0 Hacienda Avenue, Desert Hot Springs, CA 92240
Postal Code 92240
City Desert Hot Springs
State CA
Country United States
Listing Information
Listing Office Desert Local Realty
Listing Agent Alex Bias
Special listing conditions Standard
MLS Information
Days on market 1742
MLS Status Active
Listing Date Feb 10, 2020
Listing Last Modified Nov 18, 2024
Tax ID 642081003
MLS Area 340 - Desert Hot Springs
MLS # 219038731PS

This information is believed to be accurate, but without any warranty.
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