0 Palm Desert Hot Springs Ca

0 Palm Desert Hot Springs Ca

Desert Hot Springs, CA 92240

$6,000,000
Price
1,089,000 / 25
Lot Size / Acres
a black and white photo of a building
a black and white photo of a building
a black and white photo of a building
a black and white photo of a building
a picture of a floor plan
a view of a swimming pool
a bathroom with a bathtub and shower
a bathroom with a shower
a picture of a black and white photo
a picture of a floor plan

Description

Private lender reo. Price reduced to $6,000,000! 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...Private lender reo. Price reduced to $6,000,000! 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.
  1. Listed by Randy Smith • DRE #02135413 • Brokerage DRE #02135413 • smithREgroup

Property Details for 0 Palm Desert Hot Springs Ca

City Postal ID
RIV CTY-DESERT HOT SPRI (92240)

Location

Listing Courtesy of smithREgroup, Randy Smith, DRE #02135413
Add your commute
LISTING UPDATED: 05/14/2024 07:08 PM

Property Details for 0 Palm Desert Hot Springs Ca

StatusActive
MLS #PW24044386
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size25.00 AC
CountyRiverside County

Location

Listing Courtesy of smithREgroup, Randy Smith, DRE #02135413
Add your commute

Building Information for 0 Palm Desert Hot Springs Ca

Lot Size25.00 AC

Payment Calculator

$32,744 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,744

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 0 Palm Desert Hot Springs Ca

Summary Information
Property and Location
  • System ID: 306117032
  • Class: LOT/LAND
  • Street Number Numeric: 0
  • Street Name: Palm
  • Directions To Property: Interstate 10, Exit Gene Autry Trail, North approx 7 miles.
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $169
  • CFD/Mello-Roos Fee: $2,032
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: PRIVATE LENDER REO. PRICE REDUCED TO $6,000,000! 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.
Interior and Exterior Features
Exterior Features
  • Fencing: N/K
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: 20+ AC
  • Lot Size Source: Assessor Record
  • Assessments: Yes/Remarks
  • Assessors Parcel Num: 656030005
Utilities
  • Utilities Available: Electric

Property History for 0 Palm Desert Hot Springs Ca

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 0 Palm Desert Hot Springs Ca

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Two Bunch Palms Elementary School
Public - K to 5
Painted Hills Middle School
Public - 6 to 8
Desert Hot Springs High School
Public - 9 to 12
Bella Vista Elementary School
Public - K to 5
Rating
School
Distance
Two Bunch Palms Elementary School
PublicK to 5

Painted Hills Middle School
Public6 to 8

Desert Hot Springs High School
Public9 to 12

Bella Vista Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 0 Palm Desert Hot Springs Ca, Desert Hot Springs, CA 92240

0 Palm Desert Hot Springs Ca is a 25 ac of land for sale in Desert Hot Springs, CA 92240. This property was listed for sale on March 4, 2024 by smithREgroup, it's currently listed at $6,000,000. It has been on the market for a total of 90 days and was last sold on December 28, 2023. This listing's school district is Palm Springs Unified School District. Nearby schools include Two Bunch Palms Elementary School, Painted Hills Middle School and Desert Hot Springs High School. 0 Palm Desert Hot Springs Ca is a 0-bed, 0-bath, 25 ac of land on a 1,089,000 sq. ft. / 25 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of smithREgroup, Randy Smith, DRE #02135413

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.