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67780 Arena Blanca Rd - Secret Springs Resort 3,000 SF Specialty Building Offered at $1,101,765 CAD in Desert Hot Springs, CA 92240

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INVESTMENT HIGHLIGHTS

  • existing well with hot mineral water, 7 plus lots available for future development, existing 5 units are licensed as a boutique hotel/spa

EXECUTIVE SUMMARY

Used to be Boutique Hotel & Day Spa – Exceptional Development Opportunity!
Now offered at $799000, this recently remodeled and tastefully upgraded 4 plex plus a studio sits on 2 lots , located in the sought-after hot mineral water zone of Desert Hot Springs (DHS).
Current Configuration (4 + 1 Units):
1 x 2 bed / 1 bath with full kitchen
3 x 1 bed / 1 bath units, each with a kitchen
1 studio with 1 bath and a kitchenette
Highlights:
Existing mineral hot water well – No need to drill!
Existing swimming pool
Total of 10 parcels are also available for $1.5 mil -and the seller will finance – Ideal for expansion or new development
APN#s: 642-001-001, 642-001-002, 642-001-003, 642-202-008, 642-202-009, 642-202-010, 642-202-011, 642-202-012, 642-202-013, 642-202-014
Certificate of Occupancy for a hotel /spa-previuous use , was issued back on 04/04/2024
Currently not operating as a licensed hotel and day spa but leased on a long -term , annual rent base.
The City of Desert Hot Springs no longer allows new hot mineral water wells unless specific setbacks from property lines and sewer lines are met. However, this property already has a fully functional existing well, making it a rare and valuable asset.
Bonus: The City has conceptually approved renderings (available upon request) for an expansion to a 33-room hotel!
Contact Listing Agent for more information and to schedule a private showing.

PROPERTY FACTS

Price $1,101,765 CAD
Price Per SF $367.26 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
Property Type Specialty
Building Class C
Lot Size 2.27 AC
Building Size 3,000 SF
No. Stories 1
Year Built 1965
Parking Ratio 3.33/1,000 SF
Opportunity Zone Yes
Zoning R4 - R3 Uses, Churches, Schools, Childcare, Homeless Shelter

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 642-202-014
  • 642-202-013
Land Assessment
$130,089 CAD
Improvements Assessment
$722,749 CAD
Total Assessment
$852,838 CAD
  • Listing ID: 31447681

  • Date on Market: 2024-04-08

  • Last Updated:

  • Address: 67780 Arena Blanca Rd, Desert Hot Springs, CA 92240

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