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Property profile

0 Arnold Ave Banning, CA 92240

OFF-MARKET
Land
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0.18 ac lot

Property summary

AI-generated overview

This exceptional offering presents the opportunity to acquire all or part of five residential lots ideally situated in Desert Hot Springs, California. Located in Riverside County, these properties boast convenient access to Interstate-10, a major transportation artery. The lots are situated on a paved road in an area experiencing significant growth, making them an attractive investment for future appreciation. The zoning is R-L (Residential Low Density), allowing for the construction of single-family homes. Lot sizes range from 0.18 to 0.9 acres, providing flexibility for various development plans. The properties are identified by APN numbers 657-022-011, 023, 657-021-032, 034, and 035. Their location on Arnold Ave, near Palm Drive, a major thoroughfare with approximately 25,000 cars daily, ensures high visibility and accessibility. This presents a unique chance to capitalize on the burgeoning real estate market in Desert Hot Springs. The properties are priced to sell, making this an attractive investment opportunity for both individual buyers and developers seeking to build in a rapidly growing area. The address is Arnold Ave, Desert Hot Springs, CA 92240.

Property profile

Verified
Property type Land
Lot 0.18 ac (7,841 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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