0 Palm Dr

Desert Hot Springs, CA 92240

PRIVATE LENDER REO.

Sales Price $6,000,000

Beds

0

Baths

0

Home Size

0 Sq. Ft.

Lot Size

1089000 Sq. Ft.

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PRIVATE LENDER REO.

PRICE REDUCED TO $6,000,000! 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.

This home located at 0 Palm DR is currently active and has been available on pardeeproperties.com for 71 days. This property is listed at $6,000,000. It has 0 beds and 0 bathrooms. 0 Palm DR is in the Desert Hot Springs community of Riverside County.

Quick Facts

  • 71 days on market
  • Total parking spaces Car
  • Community | Desert Hot Springs
  • MLS# | PW24044386MR
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Tyler Kunkle
(122)

Tyler Kunkle

Partner | DRE #01965642

Listed By Randy Smith · smithREgroup

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