Views
Address
0 Verbena Street Desert Hot Springs, CA
Price
$ 998,000
Property Attributes
- MLS#219038692PS
- TypeLand
- CountyRIVERSIDE
- CityDesert Hot Springs
- AreaDesert Hot Springs
- NeighborhoodNot Applicable-1
- Zip92240
- Style
- Price$ 998,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.54 Acres
Listing Provided Courtesy Of:
Alex Bias with Desert Local Realty.
Property Description
This a one of two adjacent primo 2.27 acres [4.54 acres total] frontage parcels; 668 ft. on the positive slope of the northside of Hacienda Ave and 303 ft. on Verbena Dr.; for a 270 Southwesterly view scape of Coachella Valley: San Jacinto Mountains and the entrance to the San Gorgonio Pass. Both parcels are zoned R-VS-H [Residential/Visitors-Service-High Density] Hot water spa, Hotel, or 14 Residential units] with 120-125 mineral springs at a depth of 300 ft., and utilities up to property. With a variance-of-use [petition City to amend General Plan] 56 to 60 townhomes on the two lots. Noting that a precedence has be set as the City Council granted Hacienda Hills development a variance of used to build 60 townhomes [completed 08/31/2009] within the 642-081-parcel block. Extra! Desert Hot Springs has been designated an Opportunity Zone [developers can defer or eliminate capital gain taxes up to 39% per million tax credit over 7 years], the California Business and Economic development Go-Biz initiative is offering income tax credit to business], and these parcels are in that opportunity zone. Albeit, this 4.54 acres is unmatched Economic Opportunity for an estute developer!
| Price History | |
|---|---|
| 2/11/2020 | Listed $998,000 |
General Features
| Directions | North on Palm Drive, turn right (East) on Hacienda. Up approximately 3/4 mile is the vacant land parcels located on the left side of the street, on the corner of Verbena and Hacienda. |
|---|---|
| Listagentaor | Palm Springs |
| Listing Agent | Alex Bias - BRE#00710180 |
| Listing Agent State License | 00710180 |
| MLS Area | 340 - Desert Hot Springs |
| Sewer | Unknown |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Subdivision Name | Not Applicable-1 |
| Subdivision Name | Not Applicable-1 |
| View | City Lights, Mountain(s) |
Exterior Features
| Lot Size Acres | 2.5400 |
|---|---|
| Lot Size Area | 2.5400 |
| Lot Size Source | Other |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92240
Price
Visits
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Based on information from California Regional Multiple Listing Service, Inc. as of January 23, 2021 3:23 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
