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Palm Dr - 402 Unit Condo Project-SELLER FINANCING 25 Acres of Residential Land Offered at $5,000,000 in Desert Hot Springs, CA 92240
EXECUTIVE SUMMARY
Now offered at $5,000,000 with SELLER FINANCING AVAILABLE. Incredible land cost of only $12,438 per unit. Previous buyer paid $9,000,000 in 2022 . Broker Cooperation. Lender-owned via trustee sale. Previously sold for $9 million. All statements, documents, pro forma financial information and photos are believed to be accurate but not guaranteed by Broker or Seller. Buyer is encouraged to perform adequate due diligence to investigate all aspects of the property, future development, pro forma costs and revenue.
PROPERTY FACTS
| Price | $5,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Master Planned Community |
| Sale Condition | REO Sale | Total Lot Size | 25.00 AC |
| No. Lots | 1 | Cross Streets | 15th |
| Property Type | Land | ||
| Zoning | RH - 3 of 4 parcels zoned R-H (residential High Density). Parcel fronting Palm Drive zoned MU-C (Mixed Use). CUP on this parcel has already been approved | ||
| Price | $5,000,000 |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Master Planned Community |
| Total Lot Size | 25.00 AC |
| Cross Streets | 15th |
| Zoning | RH - 3 of 4 parcels zoned R-H (residential High Density). Parcel fronting Palm Drive zoned MU-C (Mixed Use). CUP on this parcel has already been approved |
1 LOT AVAILABLE
Lot
| Price | $5,000,000 | Lot Size | 25.00 AC |
| Price Per AC | $200,000.00 |
| Price | $5,000,000 |
| Price Per AC | $200,000.00 |
| Lot Size | 25.00 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $9,550,770 | Total Assessment | $9,550,770 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,550,770
Improvements Assessment
$0
Total Assessment
$9,550,770
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VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
smithREgroup
Palm Dr - 402 Unit Condo Project-SELLER FINANCING
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