Keegan Cin | Realtor® | License # DRE 01971604

Property

Desert Hot Springs, CA 92240 0 Hacienda Avenue

Presented By: Alex Bias with Desert Local Realty;
  • MLS# 219038731PS
  • 02/10/2020
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Home Details

Unlock the potential of two adjacent primo parcels spanning 4.54 acres (APN 642 081-003 and 004) in the thriving Desert Hot Springs area. Priced at $872,102 each, these parcels combine for a total of $1,744,204. Boasting 668 feet of frontage on Hacienda Ave and 303 feet on Verbena Drive, these parcels are perched on the positive slope of the north side, offering breathtaking 270 panoramic views of the San Jacinto Mountains and the San Gorgonio Pass. Zoned R-VS-H (Residential/Visitor-Service High Density), this land is ideal for hot water spas, hotels, or up to 14 residential units, with access to 120-125 mineral springs just 300 feet underground. Utilities are already in place, providing convenience and flexibility. Even more exciting, this land could host 56-60 townhomes with a variance of use, as seen in the nearby Hacienda Hills development. Take advantage of the Opportunity Zone designation, offering developers potential capital gains tax deferrals or eliminations up to 39% per million in tax credits over 7 years. Strategic Location: Positioned at the western gateway to Coachella Valley, just minutes from the renowned Desert Hot Springs resort spa area and 20 minutes to Palm Springs. With such potential for significant returns, this is an exceptional investment opportunity for the astute developer looking to capitalize on Desert Hot Springs' booming growth and economic incentives!
Presented By: Alex Bias with Desert Local Realty;

Interior Features for 0 Hacienda Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 0 Hacienda Avenue

Additional Parcels DescriptionAPN 642-081-004
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityDesert Hot Springs
CountyRiverside
DirectionsNorth on Palm Drive. Turn right (East) on Hacienda. Approx. 3/4 mile, property is on the left corner of Verbena and Hacienda.
Electric On Property Y/NNo
Garage Y/NNo
HOAYes
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet98881.0
Lot Size UnitsSquareFeet
MLS Area340 - Desert Hot Springs
MobileHomeRemainsYNNo
New ConstructionNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameNot Applicable-1
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable
ViewCityLights, Mountains, Panoramic
Waterfront Y/NNo
ZoningR-VS-H

Exterior for 0 Hacienda Avenue

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions332' x 303' x 303' x 331'
Lot Size Acres2.27
Lot Size Area98881.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Justin Hughey

Price $897,550
MLS#219038731PS
List Date 02/10/2020
Property Type Land
Request Tour
Request Info

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