Description
Tremendous opportunity for a qualified investor to purchase 5 acres in the vibrant Desert Hot Springs market. Tentative map approved for an eight (8) lot subdivision consisting of six (6) 20,000 square foot lots that each could accommodate ten (10) units and two (2) 23,000 square foot lots that each could accommodate ten-to-twelve (10-12) units for a total of 80-to-84 units on the parcel. Currently the 5.08 acres are zoned High Density. Based on the zoning and per the city of Desert Hot Springs, an investor could build twenty to thirty (20-30) units per acre of low-income affordable housing on the land.
Location
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Listing Agent: P. Tomov Courtesy of: Coldwell Banker Realty The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 21st March, 2023 10:30 AM (UTC)
