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.
-
0BEDS
-
5.08ACRES
-
0BATHS
-
01/2 BATHS
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.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-03-29T23:42:58.13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.