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Listing Agent: Alex Bias CalDRE: 00710180 - Desert Local Realty
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

0 Hacienda Avenue,  Desert Hot Springs CA, 92240

(Active)
$889,900
|
|
MLS# 219038731PS

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Last Updated: 5/14/2024 11:06 AM
Description for 0 Hacienda Avenue Desert Hot Springs, CA 92240
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!
Price
$889,900
Not Applicable-1
Riverside
219038731PS
Active
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!
Listing Information
Property Type: Land, Other
2.27 Acres Assessor
Not Applicable-1
Unknown
Electricity Available,Natural Gas Available,Sewer Available
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Mountain, Panoramic, City
332' x 303' x 303' x 331'
1TT9FEEJ3YTV
Driving Directions
North on Palm Drive. Turn right (East) on Hacienda. Approx. 3/4 mile, property is on the left corner of Verbena and Hacienda.
Financial Considerations
642081003
Listing Price History

Desert Hot Springs Real Estate

Desert Hot Springs is located in California. Desert Hot Springs, California 92240 has a population of 29,075.

The median household income in Desert Hot Springs, California 92240 is $39,164. The median household income for the surrounding county is $70,543 compared to the national median of $66,222. The median age of people living in Desert Hot Springs 92240 is 36 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
12/11/2023 Active $889,900  USD  -10.83% MLS info
9/26/2023 Active $998,000  USD  11.14% MLS info
9/16/2023 Active $898,000  USD  -10.02% MLS info
9/15/2023 Active $998,000  USD  11.14% MLS info
2/17/2023 Active $898,000  USD  -10.02% MLS info
2/2/2022 Active $998,000  USD  MLS info
2/6/2021 Off Market $998,000  USD  MLS info
4/30/2020 Active $998,000  USD  MLS info
Listing Agent: Alex Bias CalDRE: 00710180 - Desert Local Realty
crmls logo
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/14/2024 11:06 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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