Great development opportunity adjacent to million dollar estates. This Propertys Multi-family zoning allows 1 unit per 3,000 sqft of land, or up to 8 condos or apartments on this property. With the new California ADU laws, this property could potentially have up to 10 units, including 2 ADUs. Priced under $40,000 per unit, this is an absolute bargain, just look at the comparable sales in the area. Magnificent mountain views from the entire property. This one wont last long. Buyer to do their own due diligence with the City of Palm Springs, regarding all development opportunities.
MLS# | OC20039410 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 333 |
Zoning | R2 |
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Acreage | 0.61 |
Property View | Yes |
Area Information | |
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State | CA |
County | Riverside |
City | Palm Springs |
Area | 331 - North End Palm Springs |
Listing VS Median (in ) | |
Price: $395,000 low | high Med: $35,900 On Site: 333 low | high Med: 372 |