0 Hacienda Avenue, Desert Hot Springs CA, 92240
(Active)
$349,000
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MLS# 219095958DA
Last Updated: 5/14/2024 9:27 PM
Description for
0 Hacienda Avenue
Desert Hot Springs, CA 92240
INCREDIBLE OPPORTUNITY!! For sale is a prime approximate 4-acre panoramic southern view parcel located at the corner of Hacienda and Verbena which includes prime Hacienda Street frontage. Per planning department, subject property is zoned VS-C. Per DHS municipal code, Land Use Standards for VS-C include Resorts, Hotel, Shopping Centers, Multi Family, and other uses. Property sits over one of the cities prime geothermal hot spring water areas. ADDITIONALLY, the subject property is in the QUALIFIED OPPORTUNITY ZONE (QOZ)!!! The Tax Cuts and Jobs Act of 2017 created QOZs to provide encouragement and potentially significant tax benefits to investors who invest into communities designated for economic development. Finally, the city has been given a grant to complete sidewalks and lights along Hacienda including a signal at Hacienda & Verbena corner. Property recently cleared. The adjacent lot, APN 641-282-004, is also available as a separate approximate 4 acres listing for $399,000 which could total your lot size to 8 acres! All information must be confirmed with city of DHS.
Price
$349,000
Not Applicable-1
Riverside
219095958DA
Active
Description
INCREDIBLE OPPORTUNITY!! For sale is a prime approximate 4-acre panoramic southern view parcel located at the corner of Hacienda and Verbena which includes prime Hacienda Street frontage. Per planning department, subject property is zoned VS-C. Per DHS municipal code, Land Use Standards for VS-C include Resorts, Hotel, Shopping Centers, Multi Family, and other uses. Property sits over one of the cities prime geothermal hot spring water areas. ADDITIONALLY, the subject property is in the QUALIFIED OPPORTUNITY ZONE (QOZ)!!! The Tax Cuts and Jobs Act of 2017 created QOZs to provide encouragement and potentially significant tax benefits to investors who invest into communities designated for economic development. Finally, the city has been given a grant to complete sidewalks and lights along Hacienda including a signal at Hacienda & Verbena corner. Property recently cleared. The adjacent lot, APN 641-282-004, is also available as a separate approximate 4 acres listing for $399,000 which could total your lot size to 8 acres! All information must be confirmed with city of DHS.
Listing Information
| Property Type: Land, Other | ||
| 4.09 Acres | Assessor | |
Not Applicable-1
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Mountain, Desert View
Driving Directions
Corner of Verbena Dr and Hacienda Ave
Financial Considerations
| 641282005 |
Conventional,1031 Exchange
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)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 11/30/2023 | Active | $349,000 USD -12.53% |
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| 8/7/2023 | Active | $399,000 USD |
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| 6/29/2023 | Pending | $399,000 USD |
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| 6/6/2023 | Active | $399,000 USD |
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