0 N Verbena Street

    Desert Hot Springs, CA 92240
    • $998,000
    • STATUS: Active
    • ON SITE: 49 days
    • MLS #: 219038692
    $998,000
    • 0
      BEDS
    • 2.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    School District:

    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 is unmatched Economic Opportunity for an estute developer!

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    ©2020 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2020-03-30T23:34:57.907. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.bradschmett.net/homes/103091037

    0 N Verbena Street Desert Hot Springs, CA 92240

    • Price: $998,000
    • Status: Active
    • MLS #: 219038692
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.54
    Acres
    Neighborhood:
    Not Applicable
    County:
    Riverside
    Area:
    340 - Desert Hot Springs
    School District:
    Palm Springs Unified
    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 is unmatched Economic Opportunity for an estute developer!
    Exterior Features

    Pool No Spa Hot Tub No Street Lights Yes View Yes View Type City LightsMountain(S)

    Property Features

    Additional Parcel Yes Cross Streets Verbena And Hacienda Land Type Fee Listing Terms Cash Public Street Yes Sale Type Standard Senior Community No Sewer Unknown Sign On Property Yes Tax Mello Roos No Water Well No

    Listing information © 2020 California Desert Association of Realtors.
    Listing provided courtesy of Alex W Bias of Desert Local Realty.
    ©2020 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2020-03-30T23:34:57.907. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Brad Schmett Real Estate Group
    760-880-5845
    La Quinta and Palm Springs CA,