Temecula-Murrieta Valley Homes
Foreclosure - Views
Address
0 Verbena Street E Desert Hot Springs, CA
Price
$ 998,000
Property Attributes
  • MLS#219038731PS
  • TypeLand
  • CountyRIVERSIDE
  • CityDesert Hot Springs
  • AreaDesert Hot Springs
  • NeighborhoodNot Applicable-1
  • Zip92240
  • Style
  • Price$ 998,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.54 Acres
Listing Provided Courtesy Of:
Alex Bias with Desert Local Realty.
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!

Price History
2/11/2020 Listed $998,000

General Features

Directions Noth on Palm Drive. Turn right (East) on Hacienda. Approx. 3/4 mile, property is on the left corner of Verbena and Hacienda.
Listagentaor Palm Springs
Listing Agent Alex Bias - BRE#00710180
Listing Agent State License 00710180
MLS Area 340 - Desert Hot Springs
Sewer Unknown
Source System CRMLS
Special Listing Conditions Real Estate Owned
Subdivision Name Not Applicable-1
Subdivision Name Not Applicable-1
Utilities Electricity Available, Natural Gas Available, Sewer Available
View Mountain(s), Panoramic

Exterior Features

Lot Size Acres 2.5400
Lot Size Area 2.5400
Lot Size Source Assessor
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92240

Price
AVG $400K
$1,000K
Visits
AVG 72
214

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