Palm DriveDesert Hot Springs, California92240United States
$9,000,000
Land
1 of 11
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PRIVATE LENDER REO. OFFERED FOR SALE AT MARKET PRICE. 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...
smithREgroup
Listing Courtesy of smithREgroup, Email/Phone : 562-547-8256
$9,000,000
10.12
ha
Exterior
Land
Property type
PW24044386
Web Id
PW24044386
MLS ID
Palm Springs Unified
School District
55
days ago
About Palm Drive
PRIVATE LENDER REO. OFFERED FOR SALE AT MARKET PRICE. 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.
Listing Courtesy of smithREgroup, Email/Phone : 562-547-8256
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
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PROPERTY INFORMATION
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Suburban
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EXTERIOR
Lot Description
Item1620UnitsAcre
Listing Courtesy of smithREgroup, Email/Phone : 562-547-8256
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smithREgroup
Listing Courtesy of smithREgroup, Email/Phone : 562-547-8256
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