7
Map
$525,000
↓ $300K (36.4%)
●
Land -
For Sale
4 Palm Drive
Desert Hot Springs, CA 92270
Studio
0 Bath
$2,578
Est. Monthly
About This Property
Desert Hot Springs is not just another city in the Coachella
Valley; it's a city with a clear and ambitious vision. Nestled in
the heart of Southern California's desert landscape, Desert Hot
Springs is transforming into a premier wellness destination with
international appeal. By aligning itself with a strong pro-business
development stance, Desert Hot Springs is actively attracting
businesses and investors who share in its vision for the future.
This corner location is one of the last premier drive-thru lots on
Palm Drive. Previously entitled for a DQ, the city is excited to
work with your concept. There are four lots being sold
concurrently. Extra bonus is adding in the alley, city previously
agreed to abandon. Buyer to verify.
Unit Size
-
Days on Market
219 days
Land Size
0.63 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1975
Listed By
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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: 2 months ago (CRMLS #219144736DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$525,000
↓ $300K
(36.4%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by KW Coachella Valley | $825,000 | |
| Listed by KW Coachella Valley | |||
| Dec 10, 2024 | Listed | $799,000 | |
| Listed | |||
| | |||
|
Desert Hot Springs is not just another city in the Coachella Valley; it's a city with a clear and ambitious vision. Nestled in the heart of Southern California's desert landscape, Desert Hot Springs is transforming into a premier wellness destination with international appeal. By aligning itself with a strong pro-business development stance, Desert Hot Springs is actively attracting businesses and investors who share in its vision for the future. This corner location is one of the last premier drive-thru lots on Palm Drive. Previously entitled for a DQ, the city is excited to work with your concept. There are four-lots being sold concurrently. Extra bonus is adding in the alley, city previously agreed to abandon. Buyer to verify.The City has agreed to abandon the alley for the purpose of combining the two residential lots with the two commercial lots.
| |||
Property Highlights
Exterior Details
Lot Features: Corner Lot, TwoToFiveUnitsAcre
Lot Size Area: 27491
Lot Size Units: Square Feet
Lot Size Acres: 0.6311
Lot Size Square Feet: 27491
Utilities Details
Sewer : Unknown
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sunrise Country Club
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Listed by: Jelmberg Team, KW Coachella Valley
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 219144736DA
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 219144736DA
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