0 Palm Dr | Desert Hot Springs, CA 92240
*****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.
- 10.00 Acres
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- # 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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