$17,500
●
Land -
Off Market
159 PALM Drive
Desert Hot Springs, CA 92270
Studio
0 Bath
$18,247
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
You have the ultimate in possibilities with a W-2 zoning that
allows for an array of uses. Located directly opposite the land to
the West owned by Walmart Real Estate Business Trust, the future of
this location has definite investment potential. The lot directly
South is also being offered for sale, so you can have a combined
.44 Acre site if you consider buying both at once. Being on the
main entrance road to the City of Desert Hot Springs means you are
one of the first locations seen by anyone entering the City. You
also have panoramic views of the West Coachella Valley, Banning
Pass, Sand To Snow National Monument and Mounts San Jacinto & San
Gorgonio from this location. The lot is situated so that there is a
degree of separation from the rear residential neighborhood area,
and there is already a build to the East of both lots that has
block walls to shield you from that property. Utilities are in
street or at the rear lot line, so you can install your planned
build easily. Get it!
Unit Size
-
Days on Market
673 days
Land Size
0.22 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CLAW #20589888)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2022 | Sold | ||
| Sold | |||
| Jun 11, 2020 | Listed by Greer Viney Group | $18,000 | |
| Listed by Greer Viney Group | |||
Property Highlights
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About Sunrise Country Club
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Listed by: Robert Greer, Greer Viney Group
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20589888
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20589888
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