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0 Palm Dr | Desert Hot Springs, CA 92240

Asking: $6,999,000 | Baths: 0.00 | MLS#: 16160792 | Status:  Active
 
Property Description

*****PRICED TO SELL! $6,999,000 WITH ALL STUDIES or $6,499,000 LAND ONLY.***** SHOVEL READY 2017 - SELLER to update all reports and plans and reassign to Buyer. Previously approved for: 27 two story apartment buildings (8 units each) 15 three story buildings (12 units each) 2 managers/owners residence, recreation villas. APN: 656-030-005 10 acres, 656-030-O06 5 acres, 656-O-030-O-007-5 acres, 656-030-008 5 acres, Total: 25 acres Existing Zoning: High Dense (0-14 per acre) Land Use Designation (General Plan): Med Dense (8-14 per acre) Zoning allows for a potential 350 low income apartments or 437 senior units. The project was approved for an increase of land usage due the City offering a 30% increase of density for senior living and an additional bonus for Low Income Housing. Additional incentives for other types of housing. Offering of Memorandum upon request.

 
Property Details
  • $6,999,000
  • Lot/Land
  • 16160792
  • Call
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Detailed Home Information
  • # of Total Baths: 0.00
  • Subdivision: Desert Hot Springs NW
  • Sq. Ft.: 435600
  • Acres: 10.00
  • Lot Description: Horse Property

  • Elementary School: Edward L. Wenzlaff Elemen
  • Middle School: Two Bunch Palms Elementar
  • Style: Lot/Land
  • View: Desert View
  • Listing Broker: Magna Capital Group, Inc.
  • Listing Agent: Alizabeth James

 
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