Located in the prime and sought-after Warm Sands area, in desirable South Palm Springs. This mid-century modern 5-unit garden style property has many possibilities. All 5 units will be delivered vacant and fully furnished upon closing. It can be run as a hotel, apartment building or live in one unit and rent out the rest. The City of Palm Springs has approved the property for conversion to a boutique hotel once specific upgrades are completed. Building permit and architectural plans to be transferred to the buyer upon closing. Currently the property is rented seasonally to snowbirds. There are no under market rents that you have to wait years to improve. Five units total, four 1bd/1ba and one 2bd/2ba. Detached front unit includes living room with fireplace, 1 bedroom + 1 bath, kitchen, dining area, private patio, and mountain views. Four additional units include three 1 bedroom + 1 bath units and one 2 bedroom + 2 bath unit. All four remaining units have living rooms, vintage Mid-Century Modern kitchens, breakfast bars, and dining areas. All overlook garden areas and most have private patios. Gated pool, spa, and patio area. Minutes to the many fine shops and restaurants in the downtown village area of Palm Springs. Included in the purchase price are all appliances, exterior patio furniture, interior furnishings, and household items. The perfect desert retreat! Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. Buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.
|
DAYS ON MARKET
|
57
|
LAST UPDATED
|
10/25/2024
|
|
TRACT
|
Warm Sands
|
YEAR BUILT
|
1957
|
|
COMMUNITY
|
South End Palm Springs
|
COUNTY
|
Riverside
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| School District |
Palm Springs Unified |
|
Prior to Oct 25, '24
|
$1,895,000
|
| Oct 25, '24 - Today |
$1,795,000 |
| AIR |
Electric, Evaporative Cooling, Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Barbecue, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Vented Exhaust Fan, Washer |
| AREA |
South End Palm Springs |
| CONSTRUCTION |
Stucco |
| EXTERIOR |
Misting System |
| FIREPLACE |
Yes |
| GARAGE |
Private |
| HEAT |
Central, Forced Air, Natural Gas |
| INTERIOR |
Ceiling Fan(s), Furnished |
| LOT |
9583 sq ft |
| LOT DESCRIPTION |
Back Yard, Corners Marked, Rectangular Lot |
| LOT DIMENSIONS |
100x100 |
| PARKING |
Private |
| POOL |
Yes |
| POOL DESCRIPTION |
Fenced,Filtered,Gunite,Heated,In Ground,Private |
| SEWER |
Other,Sewer Tap Paid |
| STORIES |
1 |
| STYLE |
Mid-Century Modern |
| SUBDIVISION |
Warm Sands |
| UTILITIES |
Overhead Utilities |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Hills,Mountain(s) |
| WATER |
Public |
| ZONING |
R2 |
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Listed with Berkshire Hathaway HomeServices California Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 10:23 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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