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00 Pierson Blvd Blvd - 0.20 HDR Pierson Blvd Land

0.2 Acres of Commercial Land Offered at $55,000 in Desert Hot Springs, CA 92240

INVESTMENT HIGHLIGHTS

  • High Density Residential Land
  • Multifamily Land

EXECUTIVE SUMMARY

Property lies in the Mineral Hot Springs Spa Zone with the water temperature reaching 90-120 degrees. Mineral water is described as
containing healing elements as water is flowing from a 600-year-old natural spring well.
Opportunity Zone: Opportunity Zone: Desert Hot Springs is one of the few cities in the Coachella Valley to have received the
designation for Qualified Opportunity Zones. Investors in these areas can experience major tax benefits.

PROPERTY FACTS

Price $55,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.20 AC
Cross Streets Mesquite Ave
Opportunity Zone Yes

1 LOT AVAILABLE

Lot

Price $55,000
Price Per AC $275,000.00
Lot Size 0.20 AC

• High Density Residential in Desert Hot Springs • Riverside County • APN: 639-323-019 • Fee Land • Lot Size: 0.20/ 8,712 square feet • Utilities are in close proximity to subject property. •Property has curb gutter and sidewalk.

DESCRIPTION

Raw land in the path of newer development with utilities in close proximity to the property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
639-323-019
Land Assessment
$4,926
Improvements Assessment
$0
Total Assessment
$4,926

ZONING

Zoning Code High Density Residential (HDR: District is intended to provide multiple unit residential developments at a minimum density of 15.1 dwelling units per acre up to a max of 30 d/u)
High Density Residential (HDR: District is intended to provide multiple unit residential developments at a minimum density of 15.1 dwelling units per acre up to a max of 30 d/u)
  • Listing ID: 33439650

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 00 Pierson Blvd Blvd, Desert Hot Springs, CA 92240

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