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0 Palm Dr

Desert Hot Springs, California 92240

For Sale: $6,999,000

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To learn more about this listing or other, similar properties, please contact a HÔM Sotheby's International Realty agent: Palm Springs - Downtown Office 111 South Palm Canyon Drive
Palm Springs, California 92262

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MLS #: 16160792
Type: Single Family
Lot Size: 435,600
Ocean View: No
Bay View: No

priced to sell! $6,999,000 with all studies or $6,499,000 land only. shovel ready 2017 - seller to update all reports and plans and reassign to buyer. Previously approved for: 27 two story apartment buildings (8 units each) 15 three story buildings (12 units each) 2 managers/owners residence, recreation villas. Apn: 656-030-005 10 acres, 656-030-o06 5 acres, 656-o-030-o-007-5 acres, 656-030-008 5 acres, total: 25 acres existing zoning: high dense (0-14 per acre) land use designation (general plan): med dense (8-14 per acre) zoning allows for a potential 350 low income apartments or 437 senior units. The project was approved for an increase of land usage due the city offering a 30% increase of density for senior living and an additional bonus for low income housing. Additional incentives for other types of housing. Offering of memorandum upon request.

Listing Agent: Alizabeth James | Listing Office: Magna Capital Group, Inc.
HÔM Sotheby's International Realty

Desert Hot Springs
0 Palm Dr

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