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    0 Verbena Street E

    Desert Hot Springs, CA 92240
    • $998,000
    • STATUS: Active
    • ON SITE: 251 days
    • ID#: 219038731PS
    Foreclosure
    UPDATED: 133 min ago
    $998,000
    • 0
      BEDS
    • 2.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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 represents unmatched Economic Opportunity for an astute developer!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. 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 deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.

    www.naylorproperties.com/homes/103108016
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    0 Verbena Street E Desert Hot Springs, CA 92240

    • Price: $998,000
    • Status: Active
    • Updated: 133 min ago
    • ID#: 219038731PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.54
    Acres
    Neighborhood:
    Not Applicable-1
    County:
    Riverside
    Area:
    340 - Desert Hot Springs
    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 represents unmatched Economic Opportunity for an astute developer!
    Exterior Features

    Lot Size Source Assessor Lot Size Units Acres View Mountain(S)Panoramic View YN Yes

    Property Features

    Additional Parcels Description Apn 642-081-004 Land Lease YN No Land Value 0 Personal Property Amount 0 Senior Community YN No Sewer Unknown Special Listing Conditions Real Estate Owned Subdivision Name Other Not Applicable-1 Utilities Electricity AvailableNatural Gas AvailableSewer Available Water Well YN No

    Listing provided courtesy of Alex Bias of Desert Local Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. 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 deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.

     
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    Accardo Real Estate Associates | Compass
    1820 S. Elena Ave. Ste. H
    Redondo Beach CA, 90064