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Investment Land Plots For Sale in Desert Hot Springs, Palm Springs, California

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Property Details

Property Type : Land & Farms Nearest Town : Palm Springs
No. of Beds : 0 Nearest Airport : Palm Springs
No. of Baths : 1 Distance to Amenities : 100m

Price: USD 28,500

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This is a unique opportunity to purchase plots of land which have full and irrevocable planning permission to be developed as residential property in the dynamic Southern Californian market of the United States. This opportunity allows buyers to take advantage of the distressed U.S. real estate market and invest in the precious commodity of land for not only a fraction of its previous price but also below the open market value.

There are only 64 plots available, priced from just $28,500, with a current market value of $40,000. The minimum plot size is 9,441 square feet and the total size of the development is 20 acres.

Buyers who pay the entire purchase price upfront, rather than financing it by taking up Broberg Capital’s payment plan are offered guaranteed returns ranging from 6.25% - 7.75% annually for a term of up to 5 years. These returns are being offered to each buyer by three competing well established U.S.-based real estate developers in exchange for an option to purchase the plots at 140% of the original purchase price at the expiration of the selected investment term. .
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As part of the guarantee, the developers will also pay California property taxes and other related costs on behalf of the buyer during the guaranteed return period. Buyers are invited, but not required, to select one of the three following option agreements: .
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• Canyon Land Group – 6.25% Per Year, Five-Year Term.
• Ratchet Development – 6.75% Per Year, Four-Year Term.
• Western Sun Homes – 7.75% Per Year, Three-Year Term.
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Alternatively, buyers do not have to grant these developers options, for example, if they anticipate that the land will ultimately be worth more than 140% of the original purchase price.

Key Features

  • Private Parking
  • Garden

How to Get There

The land at Vista Santa Fe was repossessed by a Californian regional bank last year after each of the 64 plots making up the site had received full planning permission for development as homes. The Californian regional bank has now agreed to sell this land to an independent intermediary company, Vista Santa Fe Repossessions Limited which in turn is offering to sell on the land in 64 subdivisions to retail buyers under what will represent, for them, a unique opportunity.

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