9900 Palm Drive, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 1 bed, 1 bath
ACTIVE$149,700
9900 Palm Drive, Desert Hot Springs, California 92240
1Bed
1Bath
Sqft
8,712Lot
Year Built
1973
Close
-
List price
$150K
Original List price
$195K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25492905PS
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $149.7K(1th), sqft - 0(0th), beds - 1(2th), baths - 1(4th).
((Opportunity is knocking)) This is a great opportunity for someone looking for that great property with lots of upside potential. This property is a must see for that smart investor looking to work with the city of DHS to develop this property into a great home or investment.
Nearby schools
4/10
Julius Corsini Elementary School
Public,•K-5•3.7mi
2/10
Painted Hills Middle School
Public,•6-8•1.0mi
4/10
Desert Springs Middle School
Public,•6-8•2.1mi
3/10
Desert Hot Springs High School
Public,•9-12•1.2mi
4/10
Desert Learning Academy
Public,•K-12•11.1mi
Condition Rating
Tear down
The property, built in 1973 (over 50 years old), is currently unlivable. Images reveal a completely gutted interior with no functional kitchen (lacking cabinets, appliances, and sink) and no functional bathroom (lacking toilet, sink, or shower/tub). The walls are bare, and flooring is concrete/subfloor. The exterior shows significant neglect and disrepair. The listing description explicitly positions it as an 'opportunity' for an 'investor to develop this property,' indicating its value is primarily in the land and redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Investment Potential: The listing explicitly highlights 'lots of upside potential' and positions the property as a prime opportunity for a 'smart investor' to develop, indicating significant value-add possibilities.
Significant Price Reduction: With a current list price of $149,700, down from an original $195,000, the property offers a substantial price reduction, presenting immediate value for a buyer.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potential resale value.
Affordable Entry Point: The current list price makes this property an accessible entry point into the market, appealing to first-time buyers or investors seeking a low-cost acquisition.
Generous Lot Size: The 8,712 sq ft lot provides ample space for potential expansion, landscaping, or outdoor amenities, adding to its development potential.
Cons
Limited Living Space: With only 1 bedroom and 1 bathroom, the property's small footprint significantly limits its appeal to families or individuals requiring more functional living space.
Age of Property: Built in 1973, the home is likely to require substantial updates to its systems, finishes, and overall modernization, implying significant renovation costs for a new owner.
Implied Renovation Required: The description's emphasis on 'opportunity' and 'develop this property' strongly suggests the property is a fixer-upper, requiring considerable work to realize its full potential and livability.