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20 AC RESIDENTIAL LAND

20 AC NEC West Drive & Avenue 15, DHS Aerial Web
NEC WEST DRIVE & 15TH AVE, DESERT HOT SPRINGS

FEATURES

  • Property is located in the most desirable area of Desert Hot Springs and has spectacular panoramic views of San Jacinto Mountains stretching to Joshua Tree National Forest
  • Adjacent to Two Bunch Palms Elementary School and Agua Dulce new home community
  • Just a few blocks from new City Library, Post
    Office, and Retail Center
  • Adjacent to Mission Creek /Big Morongo Canyon Conservation
  • Only minutes to Palm Springs and other cities
  • Previously Approved for 62 Single Family Lots

ASKING PRICE: $699,000 ($34,950/AC)

reduced from: $850,000 ($42,500/AC)

VICINITY MAP

20 AC NEC West Drive & Avenue 15, DHS Zoomed Aerial Web

Amenities

  • Location: Property is located at northeast corner of 15th Avenue (unimproved) and West Drive (unimproved), Desert Hot Springs in CA
  • APNs/Parcel Sizes: 656-030-001 (5 AC), 002 (5 AC), & 004 (10 AC)
  • Zoning: R-L (Low Residential)
  • General Plan: R-L (Low Residential, up to 6 du/ac)
  • Flood: In 100 Years & Partially 500 Years
  • Current Use: Vacant Land
  • Utilities:
    Water: 12” Main Line in West St, 675’ north of property; 16” Main Line in 15th Ave at south end of property
    Sewer: In 15th Ave at Camino Campanero, 4,500’ east of property
  • Terms: Cash
  • Comments: Great residential development opportunity next to the new Elementary School and new gated housing development in Desert Hot Springs. Near new library, Post Office, Aqua Soleil Hotel & Mineral Water Spa, Grocery Outlet, and Town Center Shopping Center. Desert Hot Springs is on the move! Desert Hot Springs is a pro-growth city and is very welcoming to new developments.

Topo Map

OPPORTUNITY ZONE

Why is investing in an Opportunity Zone better than a 1031 Exchange?

Temporary Deferral:
Similar to a 1031 Exchange.

Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income

Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.

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Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 09/29/21 JC

Contact
Susan Harvey profile photo

Susan Harvey, Owner
susan@dppllc.com
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590

Desert Pacific Properties Logo

Ranked #1 in the Coachella Valley for Commercial Real Estate

Paula Turner profile photo

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492