• Hacienda Avenue Desert Hot Springs, CA 92240

  • $889,900
  • 0
    Sq Ft
  • 98881
    Sqft
  • Listed By: Alex Bias, Desert Local Realty, DRE #00710180
  • Source: CRMLS

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!

Property Type :

Land

Subdivision :

Fallbrook

County :

Riverside

Style :

Land

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Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Sewer : Unknown

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 2.27

Lot Size Dimensions: 332' x 303' x 303' x 331'

Lot Size Source: Assessor

Lot Size Square Feet: 98881

Listing Price Information

Original List Price: 889,900

Listing Contract Date: 2020-02-10

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 642081003

Garage and Parking

Homeowners Association

Association: Yes

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 340 - Desert Hot Springs

Directions: North on Palm Drive. Turn right (East) on Hacienda. Approx. 3/4 mile, property is on the left corner of Verbena and Hacienda.

Zoning: 1TT9FEEJ3YTV

Source Property Type: Land

Area: 340 - Desert Hot Springs

Building and Construction

Year Built Source: Vendor Enhanced

Homes around $889,900

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
65995 Thornton Road, Desert Hot Springs, CA,92240 $1,120,000 4 1 2,668 317988 Sqft
Kolbe Road, Desert Hot Springs, CA,92240 $140,000 -- -- -- 653400 Sqft
Pierson Boulevard, Desert Hot Springs, CA,92240 $550,000 -- -- -- 4.24 Acres
12415 Pomelo Drive, Desert Hot Springs, CA,92240 $65,000 -- -- -- 8276 Sqft
Skyline Drive, Desert Hot Springs, CA,92240 $697,000 -- -- -- 920858 Sqft
Mission Lakes Boulevard, Desert Hot Springs, CA,92240 $265,000 -- -- -- 114998.4 Sqft
15th Avenue, Desert Hot Springs, CA,92240 $180,000 -- -- -- 54886 Sqft
Hacienda Avenue, Desert Hot Springs, CA,92240 $889,900 -- -- -- 98881 Sqft
16605 Indian Canyon Drive, Desert Hot Springs, CA,92240 $1,560,500 -- -- -- 199940 Sqft
Miracle Hill, Desert Hot Springs, CA,92240 $259,000 -- -- -- 102366 Sqft

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ByOwner last updated this listing 04/27/2024 @ 08:59

MLS: 219038731PS
LISTED BY: Alex Bias, Desert Local Realty
SOURCE: CRMLS
Buyer Agency Compensation: 10%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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