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0 Verbena Street E

Desert Hot Springs, CA 92240
  • $998,000
  • STATUS: Active
  • ON SITE: 907 Days
  • ID#: 219038731PS
UPDATED: 67 min ago
$998,000
  • 0
    BEDS
  • 2.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Alex Bias of Desert Local Realty ((760) 671-5017)


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 2022-08-07T17:31:18.433. 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 Randy Horowitz & Associates | Century 21 Peak. Licensed in the State of California, USA.
www.randyhorowitzandassociates.com/homes/103108016
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0 Verbena Street E Desert Hot Springs, CA 92240

  • Price: $998,000
  • Status: Active
  • On Site: 907 Days
  • Updated: 67 min ago
  • ID#: 219038731PS
0
Beds
0
Baths
0
½ Baths
2.27
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

Parking Total 0 View Mountain(S)Panoramic View YN Yes

Property Features

Association YN Yes Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Entry Only Senior Community YN No Sewer Unknown Special Listing Conditions Standard Utilities Electricity AvailableNatural Gas AvailableSewer Available Zoning 1TT9FEEJ3YTV



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T17:31:18.433. 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 Randy Horowitz & Associates | Century 21 Peak. Licensed in the State of California, USA.
 
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Randy Horowitz & Associates | Century 21 Peak
1241 E. 16th St.
Upland CA, 91784
Listing Agent(s): Alex Bias of Desert Local Realty ((760) 671-5017)